Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Time to Sell?

Wartsila (OTCMKTS:WRTBY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $6.67, but opened at $6.34. Wartsila shares last traded at $6.34, with a volume of 1,184 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WRTBY. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Citigroup reissued a “sell” rating on shares of Wartsila in a report on Monday, July 27th. Finally, Oddo Bhf began coverage on Wartsila in a research report on Tuesday, July 7th. They set a “neutral” rating on the stock. Four 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 “Reduce”.

Wartsila Trading Up 1.4%

The stock has a market capitalization of $18.94 billion, a P/E ratio of 24.62 and a beta of 1.25. 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 business’s 50 day simple moving average is $6.77 and its 200-day simple moving average is $7.57.

Wartsila (OTCMKTS:WRTBY) last released its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. Wartsila had a return on equity of 25.56% and a net margin of 9.77%.The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. As a group, analysts forecast that Wartsila will post 0.25 EPS for the current year.

About Wartsila

Wärtsilä Oyj is a Finland-based technology company serving the marine and energy industries. Its businesses focus on improving the efficiency, flexibility and environmental performance of power generation and marine transportation.

In the energy sector, Wärtsilä provides flexible engine-based power plants, energy storage systems, lifecycle services, energy management software and related integration solutions. Its marine business offers engines, propulsion systems, hybrid technologies, exhaust-treatment equipment, electrical and automation systems, digital solutions, and maintenance services for commercial and other vessels.

Founded in Finland in 1834, Wärtsilä serves customers internationally through operations, projects and service networks across major maritime and energy markets.