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

Wartsila (OTCMKTS:WRTBY) saw unusually-high trading volume on Wednesday . Approximately 43,056 shares traded hands during trading, an increase of 170% from the previous session’s volume of 15,940 shares.The stock last traded at $8.6736 and had previously closed at $8.40.

Wall Street Analyst Weigh In

WRTBY has been the subject of several research reports. Citigroup reissued a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Pareto Securities cut shares of Wartsila from a “hold” rating to a “sell” rating in a report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell”.

Wartsila Price Performance

The firm’s 50-day moving average is $8.11 and its 200-day moving average is $7.55. 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 company has a market capitalization of $24.59 billion, a P/E ratio of 33.24 and a beta of 1.28.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. Analysts predict that Wartsila will post 0.24 EPS 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.