Wartsila (OTCMKTS:WRTBY) Shares Gap Down – What’s Next?

Shares of Wartsila (OTCMKTS:WRTBY) gapped down before the market opened on Monday . The stock had previously closed at $8.39, but opened at $8.09. Wartsila shares last traded at $8.40, with a volume of 15,718 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WRTBY shares. The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday. UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Four 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, Wartsila currently has an average rating of “Reduce”.

Wartsila Stock Performance

The company has a market capitalization of $24.08 billion, a price-to-earnings ratio of 32.56 and a beta of 1.24. The stock has a 50 day moving average of $8.22 and a 200 day moving average of $7.82. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11.

Wartsila (OTCMKTS:WRTBY) last issued its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share 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 return on equity of 24.45% and a net margin of 9.40%. As a group, analysts predict that Wartsila will post 0.24 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.