Wartsila (OTCMKTS:WRTBY) Hits New 1-Year Low – Should You Sell?

Shares of Wartsila (OTCMKTS:WRTBY) hit a new 52-week low during trading on Tuesday. The stock traded as low as $5.80 and last traded at $5.81, with a volume of 3,247 shares. The stock had previously closed at $6.05.

Analyst Ratings Changes

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

Wartsila Stock Up 0.2%

The stock has a 50-day moving average of $6.56 and a 200-day moving average of $7.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.89. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of 22.65 and a beta of 1.16.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. Sell-side analysts predict that Wartsila will post 0.24 EPS for the current fiscal year.

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.