Wartsila (OTCMKTS:WRTBY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Wartsila (OTCMKTS:WRTBY) saw an uptick in trading volume on Tuesday . 94,924 shares changed hands during mid-day trading, an increase of 407% from the previous session’s volume of 18,707 shares.The stock last traded at $7.76 and had previously closed at $8.13.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WRTBY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Citigroup restated a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Strong Sell”.

Wartsila Stock Performance

The firm has a market capitalization of $23.55 billion, a P/E ratio of 31.84 and a beta of 1.28. The firm has a 50-day moving average price of $8.09 and a two-hundred day moving average price of $7.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04.

Wartsila (OTCMKTS:WRTBY) last released its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. Wartsila had a return on equity of 24.45% and a net margin of 9.40%.The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. On average, analysts forecast that Wartsila will post 0.24 EPS 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.