Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Here’s Why

Wartsila (OTCMKTS:WRTBY)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $6.86, but opened at $6.55. Wartsila shares last traded at $6.54, with a volume of 11,813 shares.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Oddo Bhf initiated coverage on Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating on the stock. Citigroup reiterated a “sell” rating on shares of Wartsila in a report on Monday, July 27th. Finally, The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Wartsila Price Performance

The firm has a 50-day simple moving average of $6.73 and a 200-day simple moving average of $7.47. The firm has a market cap of $19.67 billion, a P/E ratio of 25.58 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

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

Wartsila Company Profile

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.