Wartsila (OTCMKTS:WRTBY) Sees Strong Trading Volume - Here's What Happened

Key Points

• Wartsila (OTCMKTS:WRTBY) experienced a significant trading volume spike, with approximately 19,218 shares traded, reflecting a 157% increase from the previous session.
• Analysts have recently downgraded Wartsila's ratings, with Kepler Capital Markets moving from a "strong-buy" to a "hold" and Citigroup from "hold" to "sell," leading to a consensus rating of "Reduce."
• The company reported $0.05 earnings per share in its latest quarterly results, slightly below the consensus estimate of $1.96 billion in revenue, with expectations of a full-year EPS of 0.18.

Wartsila (OTCMKTS:WRTBY - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 19,218 shares traded hands during mid-day trading, an increase of 157% from the previous session's volume of 7,471 shares.The stock last traded at $6.10 and had previously closed at $6.24.

Analyst Ratings Changes

Several equities 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 analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce".

Wartsila Stock Performance

The firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of 30.75 and a beta of 1.20. The stock's fifty day moving average is $5.60 and its two-hundred day moving average is $4.53. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 0.13.

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

Wartsila Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be issued a $0.0231 dividend. This represents a dividend yield of 72.0%. The ex-dividend date is Wednesday, September 17th. Wartsila's payout ratio is currently 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.