Wartsila (OTCMKTS:WRTBY) Reaches New 1-Year High – Here’s What Happened

Wartsila (OTCMKTS:WRTBY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $8.44 and last traded at $8.44, with a volume of 1644 shares traded. The stock had previously closed at $8.08.

Wall Street Analysts Forecast Growth

WRTBY has been the subject of several recent analyst reports. Barclays restated an “underweight” rating on shares of Wartsila in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a report on Thursday, February 5th. Citigroup restated a “sell” rating on shares of Wartsila in a research note on Thursday, January 22nd. Finally, Pareto Securities cut Wartsila from a “hold” rating to a “sell” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell”.

Wartsila Trading Up 5.3%

The firm has a market cap of $25.89 billion, a PE ratio of 38.05 and a beta of 1.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.28. The company has a 50 day simple moving average of $7.59 and a two-hundred day simple moving average of $6.58.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share for the quarter. Wartsila had a net margin of 9.08% and a return on equity of 25.05%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.42 billion. Analysts expect that Wartsila will post 0.18 EPS 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.