Wartsila (OTCMKTS:WRTBY) Stock Now Rated "Reduce" by Wall Street Brokerages

Key Points

• Wärtsilä has an overall “Reduce” rating from seven analysts: three recommend selling, two advise holding and two recommend buying.
• Analyst views are mixed, with Goldman Sachs and Deutsche Bank upgrading the stock to “Buy,” while Citigroup maintained its “Sell” rating and Oddo Bhf initiated coverage at “Neutral.”
• The stock opened at $6.05, near its 52-week low of $5.96, and is below both its 50-day moving average of $6.60 and 200-day moving average of $7.31.

Wartsila (OTCMKTS:WRTBY - Get Free Report) has received an average rating of "Reduce" from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company.

Several research firms recently commented on WRTBY. The Goldman Sachs Group upgraded shares of Wartsila from a "hold" rating to a "buy" rating in a research note on Tuesday, October 6th. Oddo Bhf began coverage on shares of Wartsila in a research report on Tuesday, July 7th. They issued a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Wartsila from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Citigroup reaffirmed a "sell" rating on shares of Wartsila in a research report on Monday, July 27th.

Wartsila Stock Down 1.3%

WRTBY opened at $6.05 on Friday. Wartsila has a 1-year low of $5.96 and a 1-year high of $9.49. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 23.27 and a beta of 1.16. The business has a 50 day moving average of $6.60 and a 200-day moving average of $7.31.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.

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