Wartsila (OTCMKTS:WRTBY) Shares Pass Below 50 Day Moving Average – Time to Sell?

Wartsila (OTCMKTS:WRTBY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.27 and traded as low as $7.66. Wartsila shares last traded at $7.80, with a volume of 29,622 shares.

Analysts Set New Price Targets

Several research firms recently commented on WRTBY. 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 cut Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Wartsila presently has an average rating of “Reduce”.

Wartsila Stock Performance

The stock has a market cap of $23.08 billion, a P/E ratio of 31.20 and a beta of 1.24. The company has a fifty day moving average of $8.27 and a 200 day moving average of $7.92. 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 issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 24.45% and a net margin of 9.40%.The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. On average, equities analysts predict that Wartsila will post 0.24 earnings per share for the current fiscal 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.