Wartsila (OTCMKTS:WRTBY) Shares Gap Down - What's Next?

Key Points

• Wärtsilä shares gapped down from a prior close of $7.00 to open at $6.68, later trading near $6.70 on light volume.
• Analyst sentiment remains cautious: four analysts rate the stock “Hold” and three rate it “Sell,” giving Wärtsilä an overall MarketBeat rating of “Reduce.”
• The company reported quarterly earnings of $0.06 per share and revenue of $1.81 billion, exceeding the $1.73 billion consensus estimate; analysts expect full-year earnings of $0.25 per share.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $7.00, but opened at $6.68. Wartsila shares last traded at $6.7044, with a volume of 2,782 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on WRTBY shares. The Goldman Sachs Group upgraded Wartsila from a "strong sell" rating to a "neutral" rating in a report on Thursday, June 4th. UBS Group cut Wartsila from a "buy" rating to a "neutral" rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Wartsila in a research note on Thursday, April 30th. Oddo Bhf started coverage on Wartsila in a report on Tuesday, July 7th. They set a "neutral" rating for the company. Finally, Citigroup reiterated a "sell" rating on shares of Wartsila in a report on Monday, July 27th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Wartsila presently has an average rating of "Reduce".

Wartsila Stock Down 0.9%

The company's fifty day simple moving average is $7.09 and its 200 day simple moving average is $7.80. The company has a quick ratio of 0.89, a current ratio of 1.23 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $19.79 billion, a PE ratio of 25.73 and a beta of 1.26.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. Wartsila had a return on equity of 25.32% and a net margin of 9.77%.The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.73 billion. Analysts anticipate that Wartsila will post 0.25 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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