Wartsila (OTCMKTS:WRTBY) Reaches New 52-Week High – What’s Next?

Wartsila (OTCMKTS:WRTBY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.84 and last traded at $7.84, with a volume of 401 shares changing hands. The stock had previously closed at $7.4645.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WRTBY shares. Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a report on Wednesday, October 29th. Finally, Barclays restated an “underweight” rating on shares of Wartsila in a report on Wednesday, December 3rd. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Wartsila Stock Performance

The business has a fifty day moving average of $6.89 and a 200-day moving average of $6.14. The company has a market cap of $22.99 billion, a PE ratio of 35.32 and a beta of 1.22. The company has a current ratio of 1.28, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Wartsila (OTCMKTS:WRTBY) last posted its earnings results on Tuesday, October 28th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 23.64% and a net margin of 8.89%.The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Equities research analysts anticipate that Wartsila will post 0.18 earnings per share for the current fiscal year.

About Wartsila

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.