Wartsila (OTCMKTS:WRTBY) Sees Strong Trading Volume – Still a Buy?

Wartsila (OTCMKTS:WRTBY) saw strong trading volume on Monday. Approximately 39,478 shares traded hands during mid-day trading, a decline of 23% from the previous session’s volume of 51,397 shares. The stock last traded at $6.65 and had previously closed at $6.56.

Analyst Ratings Changes

Several brokerages have recently issued reports on WRTBY. Citigroup restated a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. The Goldman Sachs Group raised Wartsila from a “hold” rating to a “buy” rating in a research note on Tuesday, October 6th. Finally, Oddo Bhf assumed coverage on Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Wartsila Stock Up 1.1%

The company has a market cap of $19.79 billion, a P/E ratio of 25.73 and a beta of 1.16. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $6.67 and its 200 day moving average is $7.38.

Wartsila (OTCMKTS:WRTBY) last announced its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.73 billion. As a group, equities analysts anticipate that Wartsila will post 0.24 earnings per share for the current fiscal year.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company serving the marine and energy industries. The company develops and supplies solutions designed to support efficient, flexible and lower-emission power generation, energy management and marine operations.

In its Energy business, Wärtsilä provides flexible power plants, energy storage systems, energy management software and related services. These offerings are used by utilities, independent power producers and other energy-sector customers to balance electricity systems and integrate renewable generation.

Wärtsilä’s Marine business supplies engines and propulsion systems, hybrid and integrated power solutions, exhaust treatment equipment, navigation and automation technologies, and other products and services for commercial vessels and other marine applications.