Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – What’s Next?

Shares of Wartsila (OTCMKTS:WRTBY) saw unusually-strong trading volume on Monday . Approximately 101,265 shares changed hands during mid-day trading, an increase of 185% from the previous session’s volume of 35,474 shares.The stock last traded at $6.7392 and had previously closed at $6.82.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WRTBY. UBS Group downgraded Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Oddo Bhf assumed coverage on Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating for the company. Finally, Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Wartsila Trading Down 1.2%

The firm has a 50-day moving average of $7.03 and a 200 day moving average of $7.77. The company has a current ratio of 1.23, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $19.94 billion, a price-to-earnings ratio of 25.92 and a beta of 1.26.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Wartsila had a net margin of 9.77% and a return on equity of 25.32%. As a group, equities analysts predict that Wartsila will post 0.25 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.