Wartsila (OTCMKTS:WRTBY) Shares Gap Down - Here's What Happened

Key Points

• Wartsila shares gapped down significantly from a previous close of $6.27 to open at $5.89, with the last trade at $6.01.
• Analysts have recently lowered their ratings for Wartsila, with Citigroup changing its stance from "hold" to "sell" and Kepler Capital Markets adjusting from "strong-buy" to "hold."
• The company is set to pay a dividend of $0.0231 on October 9th, with a yield of 72% and a payout ratio of 15%.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $6.27, but opened at $5.89. Wartsila shares last traded at $6.01, with a volume of 617 shares traded.

Analyst Ratings Changes

Several equities research analysts have commented on WRTBY shares. Kepler Capital Markets lowered Wartsila from a "strong-buy" rating to a "hold" rating in a research 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 analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce".

Wartsila Stock Performance

The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 29.95 and a beta of 1.20. 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 has a 50-day simple moving average of $5.68 and a two-hundred day simple moving average of $4.59.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The company reported $0.05 EPS 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 return on equity of 22.76% and a net margin of 8.19%. On average, sell-side analysts anticipate that Wartsila will post 0.18 EPS for the current fiscal year.

Wartsila Announces Dividend

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