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

Key Points

• Wartsila shares reached a new 52-week high of $6.40, showing significant trading volume of 8,127 shares on Thursday.
• Several analysts have downgraded the stock, with Citigroup changing its rating from "hold" to "sell," leading to a consensus rating of "Reduce."
• The company announced a dividend of $0.0231 per share, with a yield of 72.0%, to be paid on October 9th.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $6.40 and last traded at $6.40, with a volume of 8127 shares traded. The stock had previously closed at $6.27.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup downgraded shares of Wartsila from a "hold" rating to a "sell" rating in a research note on Thursday, September 4th. Kepler Capital Markets downgraded shares of Wartsila from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce".

Wartsila Stock Up 2.1%

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.22 and a quick ratio of 0.84. The business's 50 day simple moving average is $5.66 and its 200 day simple moving average is $4.56. The company has a market capitalization of $18.08 billion, a PE ratio of 30.55 and a beta of 1.20.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The company reported $0.05 earnings per share (EPS) 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%. As a group, analysts anticipate that Wartsila will post 0.18 earnings per share for the current fiscal year.

Wartsila Dividend Announcement

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