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

Shares of Wartsila (OTCMKTS:WRTBY) saw unusually-strong trading volume on Friday . 111,485 shares were traded during trading, an increase of 201% from the previous session’s volume of 37,031 shares.The stock last traded at $6.65 and had previously closed at $6.6440.

Analyst Upgrades and Downgrades

WRTBY has been the topic of a number of analyst reports. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a report on Monday, July 27th. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Finally, Oddo Bhf assumed coverage on shares of Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Wartsila presently has an average rating of “Reduce”.

Wartsila Price Performance

The firm has a 50-day moving average of $6.80 and a 200 day moving average of $7.60. The company has a market capitalization of $19.91 billion, a PE ratio of 25.89 and a beta of 1.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.89.

Wartsila (OTCMKTS:WRTBY) last issued its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. Wartsila had a return on equity of 25.56% 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, research analysts anticipate that Wartsila will post 0.25 earnings per share for the current fiscal year.

About Wartsila

Wärtsilä Oyj is a Finland-based technology company serving the marine and energy industries. Its businesses focus on improving the efficiency, flexibility and environmental performance of power generation and marine transportation.

In the energy sector, Wärtsilä provides flexible engine-based power plants, energy storage systems, lifecycle services, energy management software and related integration solutions. Its marine business offers engines, propulsion systems, hybrid technologies, exhaust-treatment equipment, electrical and automation systems, digital solutions, and maintenance services for commercial and other vessels.

Founded in Finland in 1834, Wärtsilä serves customers internationally through operations, projects and service networks across major maritime and energy markets.