Wartsila (OTCMKTS:WRTBY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Wartsila (OTCMKTS:WRTBY) saw strong trading volume on Monday . 14,151 shares were traded during trading, a decline of 56% from the previous session’s volume of 32,433 shares.The stock last traded at $6.91 and had previously closed at $6.94.

Wall Street Analyst Weigh In

Several research analysts have commented on WRTBY shares. Oddo Bhf initiated coverage on shares of Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating for the company. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. The Goldman Sachs Group raised shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Finally, UBS Group lowered shares of Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Wartsila Stock Performance

The company has a 50 day moving average of $7.50 and a two-hundred day moving average of $7.90. 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 $19.70 billion, a PE ratio of 25.62 and a beta of 1.24.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. Wartsila had a return on equity of 24.27% and a net margin of 9.77%.The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.73 billion. As a group, equities research analysts predict that Wartsila will post 0.25 earnings per share for the current 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.