Wartsila (OTCMKTS:WRTBY) Shares Gap Up – Still a Buy?

Wartsila (OTCMKTS:WRTBY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $8.1925, but opened at $8.76. Wartsila shares last traded at $8.49, with a volume of 6,234 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Wartsila has an average rating of “Strong Sell”.

Wartsila Stock Down 0.5%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04. The business has a 50 day simple moving average of $8.13 and a 200 day simple moving average of $7.72. The company has a market capitalization of $25.07 billion, a price-to-earnings ratio of 33.90 and a beta of 1.28.

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