Wartsila (OTCMKTS:WRTBY) Sets New 1-Year Low - What's Next?

Key Points

• Wärtsilä hit a new 52-week low, falling to $5.5880 before last trading at $5.62, below its previous close of $5.66.
• Analyst views remain mixed: Deutsche Bank and Goldman Sachs upgraded the shares to Buy, but the overall consensus rating is “Reduce”, with three Sell, two Hold and two Buy ratings.
• For the latest reported quarter, Wärtsilä posted EPS of $0.07 and revenue of $1.72 billion, slightly above analysts’ $1.70 billion revenue estimate.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $5.5880 and last traded at $5.62, with a volume of 91,965 shares. The stock had previously closed at $5.66.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WRTBY shares. Deutsche Bank Aktiengesellschaft upgraded Wartsila from a "hold" rating to a "buy" rating in a research report on Wednesday, October 21st. The Goldman Sachs Group raised shares of Wartsila from a "hold" rating to a "buy" rating in a research report on Tuesday, October 6th. Oddo Bhf initiated coverage on shares of Wartsila in a research note on Tuesday, July 7th. They set a "neutral" rating for the company. Finally, Citigroup reaffirmed a "sell" rating on shares of Wartsila in a report on Monday, July 27th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce".

Wartsila Price Performance

The firm has a market cap of $16.75 billion, a price-to-earnings ratio of 23.58 and a beta of 1.16. The business's 50 day moving average price is $6.47 and its 200 day moving average price is $7.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.12% and a return on equity of 25.16%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.70 billion. On average, equities analysts forecast that Wartsila will post 0.24 EPS for the current 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.

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