Wartsila (OTCMKTS:WRTBY) Hits New 12-Month High - Here's Why

Key Points

• Wartsila shares reached a new 52-week high of $6.04 during trading, closing at $5.97 with a trading volume of 10,031 shares.
• Analysts have become more cautious, with Citigroup downgrading the stock to a "sell" rating and Kepler Capital Markets changing its stance from "strong-buy" to "hold."
• The company reported earnings of $0.05 per share for the last quarter, slightly below analysts' expectations of $0.06 per share, with revenue of $1.95 billion.

Wartsila (OTCMKTS:WRTBY - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $6.04 and last traded at $5.97, with a volume of 10031 shares. The stock had previously closed at $5.58.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WRTBY shares. Citigroup cut shares of Wartsila from a "hold" rating to a "sell" rating in a research report on Thursday, September 4th. Kepler Capital Markets cut shares of Wartsila from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Wartsila currently has a consensus rating of "Reduce".

Wartsila Trading Up 7.0%

The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 29.85 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.22 and a quick ratio of 0.84. The business's 50-day simple moving average is $5.48 and its two-hundred day simple moving average is $4.46.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The company reported $0.05 earnings per share for the quarter. Wartsila had a net margin of 8.19% and a return on equity of 22.76%. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.96 billion. On average, research analysts anticipate that Wartsila will post 0.18 earnings per share for the current fiscal year.

About Wartsila

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers engine power plant products, such as gas, multi-fuel, and diesel engines; GEMS Digital Energy Platform, a smart software platform that monitors, controls, and optimizes energy assets on site and portfolio levels; GridSolv Quantum, a fully integrated energy storage solution, which enables ease of deployment and sustainable energy optimization; GEMS Power Plant Controllers; GEMS Fleet Director, which provides centralized real-time visibility into a global fleet of power plants; and GEMS Grid Controller that conducts intelligent grid control and optimized power management for microgrids of various sizes.

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