Wartsila (OTCMKTS:WRTBY) Sees Strong Trading Volume - What's Next?

Key Points

• Wärtsilä’s trading volume more than doubled to approximately 89,006 shares, while the stock rose to $6.703 from its prior close of $6.57.
• Analyst sentiment remains cautious: four analysts rate the stock a Hold and three rate it a Sell, resulting in an overall “Reduce” rating. UBS downgraded the shares to Neutral, while Citigroup maintained its Sell rating.
• The company reported quarterly revenue of $1.81 billion, exceeding estimates of $1.73 billion, and earnings of $0.06 per share. Analysts expect full-year earnings of approximately $0.25 per share.

Shares of Wartsila (OTCMKTS:WRTBY - Get Free Report) saw an uptick in trading volume on Friday. Approximately 89,006 shares were traded during mid-day trading, an increase of 102% from the previous session's volume of 44,001 shares. The stock last traded at $6.7030 and had previously closed at $6.57.

Analyst Upgrades and Downgrades

WRTBY has been the subject of several recent analyst reports. UBS Group downgraded shares of Wartsila from a "buy" rating to a "neutral" rating in a report on Thursday, May 28th. Citigroup reaffirmed a "sell" rating on shares of Wartsila in a report on Monday, July 27th. Oddo Bhf initiated coverage on Wartsila in a report on Tuesday, July 7th. They set a "neutral" rating for the company. Finally, The Goldman Sachs Group raised Wartsila from a "strong sell" rating to a "neutral" rating in a report on Thursday, June 4th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce".

Wartsila Price Performance

The company's fifty day moving average is $6.73 and its two-hundred day moving average is $7.47. The firm has a market capitalization of $19.61 billion, a price-to-earnings ratio of 25.49 and a beta of 1.25. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.10.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 25.56% and a net margin of 9.77%.The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Equities research analysts anticipate that Wartsila will post 0.25 earnings per share for the current fiscal 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.

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