Wartsila (OTCMKTS:WRTBY) Shares Gap Up - Here's Why

Key Points

• Wärtsilä shares gapped higher, opening at $7.03 versus a prior close of $6.6850, before last trading at $6.78 on limited volume.
• Analyst sentiment remains cautious: four analysts rate the stock “Hold” and three rate it “Sell,” giving Wärtsilä an overall “Reduce” rating. Recent actions included UBS downgrading the stock to Neutral and Goldman Sachs upgrading it from Strong Sell to Neutral.
• The company reported quarterly EPS of $0.06 and revenue of $1.81 billion, exceeding the $1.73 billion analyst estimate; analysts expect full-year EPS of $0.25.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $6.6850, but opened at $7.03. Wartsila shares last traded at $6.78, with a volume of 614 shares traded.

Analyst Ratings Changes

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

Wartsila Stock Up 1.5%

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.89. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 26.18 and a beta of 1.25. The firm has a 50 day simple moving average of $6.84 and a two-hundred day simple moving average of $7.64.

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

Wartsila Company Profile

Wärtsilä OTCMKTS: WRTBY is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company's Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.

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