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

Shares of Wartsila (OTCMKTS:WRTBY) saw unusually-high trading volume on Thursday . Approximately 58,396 shares changed hands during mid-day trading, an increase of 134% from the previous session’s volume of 24,965 shares.The stock last traded at $7.63 and had previously closed at $7.79.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WRTBY shares. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Wartsila Stock Down 1.1%

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 company has a market capitalization of $22.79 billion, a PE ratio of 30.81 and a beta of 1.24. The company has a 50-day moving average of $8.27 and a two-hundred day moving average of $7.86.

Wartsila (OTCMKTS:WRTBY) last posted its earnings results on Tuesday, April 28th. The company reported $0.06 EPS for the quarter. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.74 billion. Wartsila had a return on equity of 24.45% and a net margin of 9.40%. Sell-side analysts anticipate that Wartsila will post 0.24 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.