Wartsila (OTCMKTS:WRTBY) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Wartsila (OTCMKTS:WRTBY) have been assigned a consensus rating of “Reduce” from the seven brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.

A number of analysts have recently issued reports on WRTBY shares. UBS Group downgraded Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Finally, Oddo Bhf started coverage on shares of Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating on the stock.

Wartsila Stock Performance

OTCMKTS WRTBY opened at $6.72 on Friday. Wartsila has a 1 year low of $4.75 and a 1 year high of $9.49. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04. The stock has a market capitalization of $19.88 billion, a PE ratio of 26.88 and a beta of 1.24. The company’s 50 day simple moving average is $7.72 and its two-hundred day simple moving average is $7.93.

Wartsila (OTCMKTS:WRTBY) last posted its earnings results on Tuesday, April 28th. The company reported $0.06 EPS for the quarter. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Wartsila had a return on equity of 24.45% and a net margin of 9.40%. Analysts predict that Wartsila will post 0.24 earnings per share for the current fiscal year.

Wartsila Company Profile

Wärtsilä (OTCMKTS: WRTBY) is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company’s Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.