Wartsila (OTCMKTS:WRTBY) Shares Down 4.2% – Should You Sell?

Wartsila (OTCMKTS:WRTBY)’s share price traded down 4.2% during trading on Tuesday. The stock traded as low as $6.12 and last traded at $6.12. 18,377 shares traded hands during trading, a decline of 67% from the average daily volume of 55,456 shares. The stock had previously closed at $6.39.

Analysts Set New Price Targets

Several research firms have weighed in on WRTBY. Oddo Bhf began coverage on Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating on the stock. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Finally, The Goldman Sachs Group upgraded Wartsila from a “hold” rating to a “buy” rating in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Wartsila Stock Performance

The firm has a fifty day simple moving average of $6.65 and a 200 day simple moving average of $7.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.89. The company has a market cap of $18.39 billion, a price-to-earnings ratio of 23.90 and a beta of 1.16.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.73 billion. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. On average, sell-side analysts expect that Wartsila will post 0.24 earnings per share for the current fiscal year.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.