Wartsila (OTCMKTS:WRTBY) Stock Price Down 4.4% - Time to Sell?

Key Points

• Wartsila's share price fell by 4.4% to close at $5.84, with a significant drop in trading volume, down 85% from its average.
• Analysts have downgraded the stock, with Kepler Capital Markets lowering it from "strong-buy" to "hold," and Citigroup reducing it from "hold" to "sell," resulting in an average rating of "Reduce."
• Wartsila announced a dividend of $0.0231 per share, payable on October 9th, representing a yield of 72.0%, with a payout ratio of 15.00%.

Wartsila (OTCMKTS:WRTBY - Get Free Report) dropped 4.4% during trading on Friday . The company traded as low as $5.84 and last traded at $5.84. Approximately 1,113 shares were traded during trading, a decline of 85% from the average daily volume of 7,484 shares. The stock had previously closed at $6.11.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Kepler Capital Markets cut shares of Wartsila from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th. Citigroup lowered Wartsila from a "hold" rating to a "sell" rating in a research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce".

Wartsila Stock Up 0.7%

The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $5.71 and a 200-day moving average price of $4.60. The firm has a market cap of $17.84 billion, a P/E ratio of 30.15 and a beta of 1.20.

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 company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. Wartsila had a return on equity of 22.76% and a net margin of 8.19%. On average, equities analysts forecast that Wartsila will post 0.18 EPS for the current fiscal year.

Wartsila Announces Dividend

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