Wartsila (OTCMKTS:WRTBY) Reaches New 1-Year High - What's Next?

Key Points

• Wärtsilä hit a new 52-week high at $9.49 on Friday, up about 6.5% from the prior close with roughly 17,863 shares traded.
• Analyst sentiment is negative: two Hold and three Sell ratings leave MarketBeat's average rating at Strong Sell.
• Recent quarter missed expectations — Wärtsilä reported $0.07 EPS and $2.33B in revenue versus $2.42B expected, while sell-side analysts forecast about $0.24 EPS for the current year.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $9.49 and last traded at $9.49, with a volume of 17863 shares changing hands. The stock had previously closed at $8.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Pareto Securities cut shares of Wartsila from a "hold" rating to a "sell" rating in a research report on Monday, January 19th. Citigroup reissued a "sell" rating on shares of Wartsila in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Wartsila in a report on Thursday, February 5th. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Strong Sell".

Wartsila Stock Up 6.5%

The firm's 50 day simple moving average is $8.11 and its 200-day simple moving average is $7.38. The company has a market cap of $28.08 billion, a price-to-earnings ratio of 41.26 and a beta of 1.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.07 EPS for the quarter. Wartsila had a return on equity of 24.14% and a net margin of 9.08%.The business had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.42 billion. As a group, sell-side analysts anticipate that Wartsila will post 0.24 earnings per share 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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