Wartsila (OTCMKTS:WRTBY) Shares Gap Down - Should You Sell?

Key Points

• Wartsila's share price gapped down from $6.10 to $5.81, with trades showing a volume of 500 shares.
• Analyst ratings for Wartsila have deteriorated, with downgrades from "strong-buy" to "hold" and from "hold" to "sell".
• The company announced a dividend yield of 72.0%, with a payout of $0.0231 scheduled for October 9th.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $6.10, but opened at $5.81. Wartsila shares last traded at $5.81, with a volume of 500 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Kepler Capital Markets lowered shares of Wartsila from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 11th. Citigroup lowered shares of Wartsila from a "hold" rating to a "sell" rating in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce".

Wartsila Trading Down 3.4%

The firm has a market cap of $17.44 billion, a P/E ratio of 29.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.22 and a quick ratio of 0.84. The business's 50-day moving average is $5.73 and its two-hundred day moving average is $4.61.

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

Wartsila Dividend Announcement

The firm 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 15.00%.

About Wartsila

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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