Wartsila (OTCMKTS:WRTBY) Sees Unusually-High Trading Volume – Here’s Why

Wartsila (OTCMKTS:WRTBY) shares saw strong trading volume on Tuesday. 117,849 shares traded hands during trading, an increase of 144% from the previous session’s volume of 48,256 shares. The stock last traded at $6.9750 and had previously closed at $6.66.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. The Goldman Sachs Group raised shares of Wartsila from a “neutral” rating to a “buy” rating in a report on Tuesday. Oddo Bhf began coverage on Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating for the company. Finally, Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Wartsila has an average rating of “Reduce”.

Wartsila Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24. The company has a 50-day simple moving average of $6.68 and a two-hundred day simple moving average of $7.41. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of 26.54 and a beta of 1.16.

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

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company serving the marine and energy industries. The company develops and supplies solutions designed to support efficient, flexible and lower-emission power generation, energy management and marine operations.

In its Energy business, Wärtsilä provides flexible power plants, energy storage systems, energy management software and related services. These offerings are used by utilities, independent power producers and other energy-sector customers to balance electricity systems and integrate renewable generation.

Wärtsilä’s Marine business supplies engines and propulsion systems, hybrid and integrated power solutions, exhaust treatment equipment, navigation and automation technologies, and other products and services for commercial vessels and other marine applications.