Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Time to Buy?

Wartsila (OTCMKTS:WRTBY) saw unusually-high trading volume on Thursday . Approximately 26,647 shares changed hands during trading, an increase of 113% from the previous session’s volume of 12,503 shares.The stock last traded at $8.35 and had previously closed at $8.52.

Analyst Ratings Changes

WRTBY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a report on Thursday, February 5th. Citigroup reissued a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Finally, Pareto Securities cut shares of Wartsila from a “hold” rating to a “sell” rating in a report on Monday, January 19th. Two investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Sell”.

Wartsila Price Performance

The firm has a market capitalization of $24.85 billion, a P/E ratio of 36.52 and a beta of 1.32. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $8.05 and a 200 day moving average of $7.27.

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. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.42 billion. Wartsila had a return on equity of 24.14% and a net margin of 9.08%. On average, sell-side analysts predict that Wartsila will post 0.18 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.