Wartsila (OTCMKTS:WRTBY) Hits New 52-Week High – Here’s Why

Wartsila (OTCMKTS:WRTBY) reached a new 52-week high on Wednesday . The stock traded as high as $8.7999 and last traded at $8.79, with a volume of 4207 shares changing hands. The stock had previously closed at $8.46.

Analyst Ratings Changes

A number of brokerages have commented on WRTBY. Pareto Securities cut Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Thursday, February 5th. Finally, Barclays reiterated an “underweight” rating on shares of Wartsila in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Wartsila has an average rating of “Strong Sell”.

Wartsila Stock Performance

The business has a 50 day moving average of $7.70 and a 200 day moving average of $6.66. The company has a quick ratio of 0.90, a current ratio of 1.28 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $25.74 billion, a P/E ratio of 37.83 and a beta of 1.24.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share (EPS) 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. On average, sell-side analysts predict that Wartsila will post 0.18 earnings per share for the current 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.