Wartsila (OTCMKTS:WRTBY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Wärtsilä shares traded unusually heavily, with about 74,230 shares changing hands—13% above average volume—while the stock fell to $5.64 from a prior close of $5.89.
• Analyst sentiment remains mixed: Goldman Sachs and Deutsche Bank upgraded the stock to “buy,” but Citigroup maintained a “sell” rating. Overall, analysts assign WRTBY an average “Reduce” rating.
• The company reported quarterly EPS of $0.07 and revenue of $1.72 billion, slightly above expectations. Wärtsilä has a 25.16% return on equity and 9.12% net margin, while analysts expect full-year EPS of $0.24.

Shares of Wartsila (OTCMKTS:WRTBY - Get Free Report) saw unusually-strong trading volume on Friday. Approximately 74,230 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 65,842 shares. The stock last traded at $5.64 and had previously closed at $5.89.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in 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 reaffirmed a "sell" rating on shares of Wartsila in a report on Monday, July 27th. The Goldman Sachs Group raised Wartsila from a "hold" rating to a "buy" rating in a report on Tuesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Wartsila from a "hold" rating to a "buy" rating in a research report on Wednesday, October 21st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce".

Wartsila Price Performance

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 business's 50-day simple moving average is $6.54 and its two-hundred day simple moving average is $7.47. The firm has a market cap of $16.69 billion, a price-to-earnings ratio of 23.50 and a beta of 1.16.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.07 earnings per share for the quarter. Wartsila had a return on equity of 25.16% and a net margin of 9.12%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.70 billion. As a group, research analysts expect that Wartsila will post 0.24 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.