Wartsila (OTCMKTS:WRTBY) Shares Gap Up - Should You Buy?

Key Points

• Wärtsilä shares rose 4.1%, opening at $6.25 versus a prior close of $6.05 and last trading at $6.27, though volume was limited at 2,319 shares.
• Analyst sentiment remains mixed: Goldman Sachs and Deutsche Bank upgraded the stock to “buy,” while Oddo Bhf rated it “neutral” and Citigroup maintained a “sell” rating. Overall, MarketBeat reports a “Reduce” consensus.
• The company has a $18.64 billion market capitalization, a 24.23 price-to-earnings ratio and relatively low leverage with a debt-to-equity ratio of 0.10. Wärtsilä provides technology and equipment for the marine and energy industries, including engines, power systems and energy storage solutions.

Shares of Wartsila (OTCMKTS:WRTBY - Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $6.05, but opened at $6.25. Wartsila shares last traded at $6.27, with a volume of 2,319 shares changing hands.

Analyst Upgrades and Downgrades

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

Wartsila Stock Up 4.1%

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 firm's 50-day moving average is $6.60 and its 200 day moving average is $7.31. The stock has a market cap of $18.64 billion, a price-to-earnings ratio of 24.23 and a beta of 1.16.

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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