Wartsila (OTCMKTS:WRTBY) Shares Gap Up – Here’s What Happened

Shares of Wartsila (OTCMKTS:WRTBY) gapped up before the market opened on Monday. The stock had previously closed at $6.05, but opened at $6.25. Wartsila shares last traded at $6.27, with a volume of 2,319 shares trading hands.

Analyst Upgrades and Downgrades

WRTBY has been the subject of a number of recent research reports. Oddo Bhf assumed coverage on Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating for the company. The Goldman Sachs Group upgraded Wartsila from a “hold” rating to a “buy” rating in a report on Tuesday, October 6th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Wartsila from a “hold” rating to a “buy” rating in a research report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Wartsila has an average rating of “Reduce”.

Wartsila Price Performance

The business has a 50-day moving average price of $6.60 and a 200 day moving average price of $7.31. The stock has a market cap of $18.64 billion, a PE ratio of 24.23 and a beta of 1.16. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Wartsila Company Profile

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.