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

Key Points

• Wartsila's shares experienced a significant drop, opening at $5.90 after closing at $6.33, with minimal trading volume of only 232 shares.
• Analysts are generally pessimistic about the stock, with Citigroup reiterating a "sell" rating and Kepler Capital Markets downgrading their rating from "strong-buy" to "hold."
• The company recently announced a dividend of $0.0231 per share, yielding 72.0%, with a payout ratio of 15.00%.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $6.33, but opened at $5.90. Wartsila shares last traded at $5.90, with a volume of 232 shares traded.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WRTBY shares. Citigroup reiterated a "sell" rating on shares of Wartsila in a report on Monday, October 6th. Kepler Capital Markets lowered shares of Wartsila from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce".

Wartsila Trading Down 1.3%

The firm has a market capitalization of $17.53 billion, a PE ratio of 29.63 and a beta of 1.16. The stock's 50-day moving average price is $5.88 and its 200 day moving average price is $4.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.22 and a quick ratio of 0.84.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last announced its earnings results on Friday, July 18th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Wartsila had a net margin of 8.19% and a return on equity of 22.76%. On average, sell-side analysts expect that Wartsila will post 0.18 EPS for the current fiscal year.

Wartsila Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 9th. Investors of record on Thursday, September 18th were issued a dividend of $0.0231 per share. This represents a dividend yield of 72.0%. The ex-dividend date of this dividend was 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.

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