Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Here’s What Happened

Shares of Wartsila (OTCMKTS:WRTBY) saw unusually-high trading volume on Tuesday. Approximately 160,060 shares were traded during mid-day trading, an increase of 124% from the average daily volume of 71,529 shares. The stock last traded at $5.67 and had previously closed at $5.89.

Analyst Ratings Changes

Several brokerages recently issued reports on WRTBY. The Goldman Sachs Group upgraded shares of Wartsila from a “hold” rating to a “buy” rating in a research report on Tuesday, October 6th. Deutsche Bank upgraded shares of Wartsila from a “hold” rating to a “buy” rating in a research report on Wednesday, October 21st. Finally, Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Wartsila Price Performance

The stock has a 50-day simple moving average of $6.35 and a 200 day simple moving average of $7.38. The stock has a market capitalization of $17.07 billion, a P/E ratio of 24.04 and a beta of 1.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24.

Wartsila (OTCMKTS:WRTBY) last released its earnings results on Tuesday, October 27th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.70 billion. Wartsila had a return on equity of 25.16% and a net margin of 9.12%. On average, equities analysts forecast that Wartsila will post 0.24 earnings per share for the current fiscal year.

About Wartsila

Wärtsilä is a Finnish technology company that provides equipment, systems and services for the marine and energy markets. Its marine offerings include engines, propulsion systems, power solutions and digital technologies, alongside maintenance and lifecycle services for vessels and shipowners. In the energy sector, Wärtsilä supplies power plants and energy storage solutions, as well as software and services for operating and optimizing energy systems. Its technologies support electricity generation and grid balancing, including the integration of renewable energy.