Wartsila (OTCMKTS:WRTBY) Sees Large Volume Increase – Should You Buy?

Wartsila (OTCMKTS:WRTBY) shares saw unusually-high trading volume on Tuesday . Approximately 94,924 shares changed hands during mid-day trading, an increase of 407% from the previous session’s volume of 18,707 shares.The stock last traded at $7.76 and had previously closed at $8.13.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WRTBY. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a report on Thursday, January 22nd. Pareto Securities lowered shares of Wartsila from a “hold” rating to a “sell” rating in a research report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Strong Sell”.

Wartsila Stock Down 4.6%

The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $22.95 billion, a price-to-earnings ratio of 31.03 and a beta of 1.28. The business has a 50-day moving average price of $8.08 and a 200-day moving average price of $7.65.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 EPS for the quarter. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. As a group, equities analysts anticipate that Wartsila will post 0.24 earnings per share for the current fiscal year.

About Wartsila

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.