Wartsila (OTCMKTS:WRTBY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Wartsila experienced a significant increase in trading volume, with 17,282 shares traded, marking a 133% rise from the previous session.
• Analysts have a consensus rating of "Reduce" on Wartsila stock, with Citigroup reissuing a "sell" rating and Kepler Capital Markets lowering its rating from "strong-buy" to "hold."
• The company recently announced a dividend of $0.0231 per share, yielding 72.0%, as it continues to manage a low payout ratio of 15.00%.

Wartsila (OTCMKTS:WRTBY - Get Free Report) saw strong trading volume on Tuesday . 17,282 shares changed hands during trading, an increase of 133% from the previous session's volume of 7,427 shares.The stock last traded at $5.98 and had previously closed at $6.00.

Wall Street Analyst Weigh In

Several research firms have recently commented on WRTBY. Citigroup reissued a "sell" rating on shares of Wartsila in a research note on Monday, October 6th. Kepler Capital Markets lowered shares of Wartsila from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 11th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce".

Wartsila Stock Down 0.6%

The firm has a market cap of $17.65 billion, a PE ratio of 29.83 and a beta of 1.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 1.22. The firm's 50-day moving average price is $5.90 and its two-hundred day moving average price is $4.90.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $1.95 billion during 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%. As a group, equities research analysts expect that Wartsila will post 0.18 EPS for the current fiscal year.

Wartsila Announces Dividend

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

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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