Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Should You Sell?

Wartsila (OTCMKTS:WRTBY) gapped down prior to trading on Friday . The stock had previously closed at $8.55, but opened at $8.14. Wartsila shares last traded at $8.14, with a volume of 1,481 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on WRTBY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Wartsila presently has a consensus rating of “Reduce”.

Wartsila Trading Down 1.7%

The company’s 50 day moving average price is $8.16 and its 200 day moving average price is $7.75. 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 firm has a market cap of $23.99 billion, a PE ratio of 32.44 and a beta of 1.28.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 EPS for the quarter. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. As a group, 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.