Wartsila (OTCMKTS:WRTBY) Stock Now Rated “Reduce” by Sell-Side Analysts

Wartsila (OTCMKTS:WRTBY) has received an average recommendation of “Reduce” from the seven brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company.

Several brokerages have recently commented on WRTBY. Deutsche Bank Aktiengesellschaft raised Wartsila from a “hold” rating to a “buy” rating in a report on Wednesday, October 21st. The Goldman Sachs Group upgraded Wartsila from a “hold” rating to a “buy” rating in a research report on Tuesday, October 6th. Citigroup reissued a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Finally, Oddo Bhf began coverage on Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating on the stock.

Wartsila Trading Down 7.7%

Wartsila stock opened at $5.88 on Friday. The stock has a fifty day moving average price of $6.57 and a two-hundred day moving average price of $7.49. Wartsila has a 52-week low of $5.80 and a 52-week high of $9.49.

Wartsila (OTCMKTS:WRTBY) last issued its earnings results on Tuesday, October 27th. The company reported $0.07 EPS for the quarter. On average, equities research analysts predict that Wartsila will post 0.24 EPS for the current year.

Wartsila Company Profile

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.