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

Shares of Wartsila (OTCMKTS:WRTBY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $4.83, but opened at $4.66. Wartsila shares last traded at $4.66, with a volume of 1,579 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WRTBY shares. Kepler Capital Markets raised Wartsila from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Pareto Securities lowered shares of Wartsila from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 26th.

Wartsila Trading Down 3.8%

The company has a market capitalization of $13.67 billion, a P/E ratio of 24.42 and a beta of 1.13. The business has a 50 day moving average price of $4.13 and a 200 day moving average price of $3.87. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.12.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.66 billion. Wartsila had a net margin of 8.09% and a return on equity of 22.57%. Analysts anticipate that Wartsila will post 0.18 EPS for the current year.

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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