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

Key Points

• Wartsila shares gapped up before market opening, rising from a previous close of $5.58 to open at $5.98, with a trading volume of 701 shares.
• Equities analysts have recently downgraded Wartsila's rating, with Kepler Capital Markets changing from "strong-buy" to "hold" and Citigroup moving from "hold" to "sell."
• Wartsila's most recent quarterly earnings reported $0.05 earnings per share on revenue of $1.95 billion, slightly below analysts' expectations of $1.96 billion.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $5.58, but opened at $5.98. Wartsila shares last traded at $5.98, with a volume of 701 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WRTBY shares. Kepler Capital Markets downgraded shares of Wartsila from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th. Citigroup downgraded shares of Wartsila from a "hold" rating to a "sell" rating in a report on Thursday, September 4th. 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, the company currently has a consensus rating of "Reduce".

Wartsila Price Performance

The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm's 50-day moving average price is $5.46 and its 200-day moving average price is $4.45. The stock has a market capitalization of $17.66 billion, a PE ratio of 29.85 and a beta of 1.20.

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

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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