Wartsila (OTCMKTS:WRTBY) Shares Gap Up - Still a Buy?

Key Points

• Wartsila shares opened at $6.02 after previously closing at $5.77, reflecting a gap up in trading activity.
• Kepler Capital Markets downgraded Wartsila's rating from "strong-buy" to "hold", indicating a cautious outlook on the stock.
• The company reported a net margin of 8.19% and earnings per share of $0.05 for the latest quarter, falling slightly short of analysts' revenue expectations.

Wartsila (OTCMKTS:WRTBY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $5.77, but opened at $6.02. Wartsila shares last traded at $5.78, with a volume of 1,100 shares trading hands.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets downgraded shares of Wartsila from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th.

Wartsila Trading Down 2.6%

The firm has a market capitalization of $16.63 billion, a PE ratio of 28.10 and a beta of 1.13. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 0.13. The business's fifty day moving average price is $4.57 and its 200 day moving average price is $4.05.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last announced 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 company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.96 billion. As a group, analysts expect 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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