Wartsila (OTCMKTS:WRTBY) Shares Gap Down - Time to Sell?

Key Points

• Wärtsilä shares gapped down — the stock opened at $7.2450 after a $7.67 close and was trading down about 4.8% (last trade reported at $7.2450).
• Analyst consensus is "Strong Sell" — two analysts rate Hold and three rate Sell, with recent downgrades leaving a MarketBeat consensus of Strong Sell.
• Quarterly results disappointed — the company reported $0.07 EPS and $2.33B revenue versus $2.42B expected, and analysts forecast $0.18 EPS for the current fiscal year.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $7.67, but opened at $7.2450. Wartsila shares last traded at $7.2450, with a volume of 308 shares trading hands.

Analyst Ratings Changes

WRTBY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Wartsila in a report on Thursday, February 5th. Barclays reaffirmed an "underweight" rating on shares of Wartsila in a research note on Wednesday, December 3rd. Citigroup reissued a "sell" rating on shares of Wartsila in a research note on Thursday, January 22nd. Finally, Pareto Securities cut Wartsila from a "hold" rating to a "sell" rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Wartsila has a consensus rating of "Strong Sell".

Wartsila Trading Down 4.8%

The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 31.09 and a beta of 1.21. The business's 50-day moving average price is $8.07 and its 200 day moving average price is $7.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share for the quarter. Wartsila had a net margin of 9.08% and a return on equity of 24.14%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.42 billion. On average, equities analysts forecast that Wartsila will post 0.18 earnings per share for the current fiscal year.

About Wartsila

Wärtsilä OTCMKTS: WRTBY is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company's Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.

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