Wartsila (OTCMKTS:WRTBY) Shares Gap Up - Should You Buy?

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

WRTBY has been the topic of several research analyst reports. Kepler Capital Markets cut shares of Wartsila from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th. Citigroup cut shares of Wartsila from a "hold" rating to a "sell" rating in a report on Thursday, September 4th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce".

Wartsila Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 1.22. The firm's 50 day moving average is $5.57 and its 200-day moving average is $4.52. The firm has a market cap of $18.37 billion, a price-to-earnings ratio of 31.05 and a beta of 1.20.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The company reported $0.05 earnings per share (EPS) for the quarter. Wartsila had a net margin of 8.19% and a return on equity of 22.76%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Sell-side analysts anticipate that Wartsila will post 0.18 earnings per share for the current fiscal year.

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.