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

Key Points

• Wartsila shares opened at $5.80, down from a previous close of $6.01, following a gap down in trading.
• Analysts have downgraded the company, with Citigroup reaffirming a "sell" rating and Kepler Capital Markets changing its rating from "strong-buy" to "hold."
• The company recently declared a dividend of $0.0231, with a dividend yield of 72.0%, scheduled for payment on October 9th.

Shares of Wartsila (OTCMKTS:WRTBY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $6.01, but opened at $5.80. Wartsila shares last traded at $5.80, with a volume of 1,800 shares.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup reaffirmed a "sell" rating on shares of Wartsila in a research note on Monday. Kepler Capital Markets cut Wartsila from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce".

Wartsila Trading Down 3.7%

The firm has a market cap of $17.12 billion, a P/E ratio of 28.94 and a beta of 1.16. The stock has a 50 day simple moving average of $5.84 and a 200-day simple moving average of $4.73. The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last posted its earnings results on Friday, July 18th. The company reported $0.05 earnings per share for the quarter. The firm 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 research analysts expect that Wartsila will post 0.18 EPS for the current fiscal 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 issued a $0.0231 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a dividend yield of 72.0%. Wartsila's dividend payout ratio (DPR) is presently 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.

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