Wartsila (OTCMKTS:WRTBY) Sets New 12-Month High - Still a Buy?

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) shares hit 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

WRTBY has been the topic of a number of analyst reports. Kepler Capital Markets downgraded Wartsila from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th. Citigroup downgraded Wartsila from a "hold" rating to a "sell" rating in a report on Thursday, September 4th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce".

Wartsila Stock Down 2.0%

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 stock has a market cap of $17.72 billion, a price-to-earnings ratio of 29.95 and a beta of 1.20. The business has a fifty day moving average of $5.68 and a 200 day moving average of $4.58.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $1.96 billion. Wartsila had a net margin of 8.19% and a return on equity of 22.76%. On average, equities analysts predict that Wartsila will post 0.18 earnings per share for the current year.

Wartsila Dividend Announcement

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