Wartsila (OTCMKTS:WRTBY) Stock Price Up 8.6% – Time to Buy?

Wartsila (OTCMKTS:WRTBY) traded up 8.6% on Wednesday . The company traded as high as $7.8760 and last traded at $7.8650. 7,095 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 11,540 shares. The stock had previously closed at $7.24.

Analysts Set New Price Targets

WRTBY has been the subject of a number of research analyst reports. Barclays reaffirmed an “underweight” rating on shares of Wartsila in a research report on Wednesday, December 3rd. Citigroup reissued a “sell” rating on shares of Wartsila in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research report on Thursday, February 5th. Finally, Pareto Securities cut Wartsila from a “hold” rating to a “sell” rating in a research note on Monday, January 19th. Two investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Sell”.

Wartsila Trading Up 9.1%

The stock’s 50 day simple moving average is $8.03 and its two-hundred day simple moving average is $7.13. The stock has a market capitalization of $23.37 billion, a PE ratio of 34.35 and a beta of 1.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04.

Wartsila (OTCMKTS:WRTBY) last released its earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 24.14% and a net margin of 9.08%.The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.42 billion. On average, sell-side analysts expect that Wartsila will post 0.18 EPS for the current 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.