Wartsila (OTCMKTS:WRTBY) Hits New 52-Week High - Here's What Happened

Key Points

• Wartsila's share price reached a new 52-week high of $6.40, with trading volume of 270 shares on the day it hit this milestone.
• Analysts have downgraded Wartsila, with Kepler Capital Markets lowering the stock from a "strong-buy" to a "hold" rating, while Citigroup has maintained a "sell" rating.
• The company announced a $0.0231 dividend, paid out on October 9th, representing a significant yield of 72.0% and a payout ratio of 15.00%.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $6.40 and last traded at $6.40, with a volume of 270 shares changing hands. The stock had previously closed at $6.23.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Kepler Capital Markets lowered shares of Wartsila from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 11th. Citigroup reiterated a "sell" rating on shares of Wartsila in a research note on Monday, October 6th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce".

Wartsila Stock Performance

The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock has a market cap of $18.43 billion, a P/E ratio of 31.15 and a beta of 1.16. The firm's 50-day simple moving average is $5.92 and its 200 day simple moving average is $4.93.

Wartsila Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were given a $0.0231 dividend. The ex-dividend date was Wednesday, September 17th. This represents a yield of 72.0%. Wartsila's dividend payout ratio is 15.00%.

Wartsila Company Profile

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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