Wartsila (OTCMKTS:WRTBY) Sets New 1-Year High - Here's Why

Key Points

• Wartsila's shares reached a new 52-week high of $6.40 during trading, with a market capitalization of $18.23 billion and a P/E ratio of 30.80.
• Brokerages have mixed opinions on the stock, with Citigroup maintaining a "sell" rating while Kepler Capital Markets downgraded it from "strong-buy" to "hold."
• The company recently declared a dividend of $0.0231 per share, yielding 72.0%, with a payout ratio currently at 15.00%.

Shares of Wartsila (OTCMKTS:WRTBY - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $6.40 and last traded at $6.40, with a volume of 1502 shares changing hands. The stock had previously closed at $6.24.

Analyst Ratings Changes

Several brokerages have recently issued reports on WRTBY. Citigroup restated a "sell" rating on shares of Wartsila in a research note on Monday, October 6th. Kepler Capital Markets cut 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 issued a Sell rating to the company. According to MarketBeat.com, Wartsila presently has an average rating of "Reduce".

Wartsila Price Performance

The stock has a market capitalization of $18.23 billion, a P/E ratio of 30.80 and a beta of 1.16. The firm has a 50-day moving average price of $5.86 and a 200 day moving average price of $4.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 1.22.

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

Wartsila Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued 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 dividend 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.

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