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

Key Points

• Wartsila shares gapped up prior to trading, opening at $5.76 from a previous close of $5.56, with current trading at $5.69.
• Kepler Capital Markets downgraded Wartsila from a "strong-buy" to a "hold" rating, contributing to an average analyst rating of "Hold."
• The company reported a quarterly revenue of $1.95 billion, slightly below the consensus estimate of $1.96 billion, with an earnings per share (EPS) of $0.05.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $5.56, but opened at $5.76. Wartsila shares last traded at $5.69, with a volume of 477 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup cut Wartsila from a "hold" rating to a "sell" rating in a research note on Thursday. Kepler Capital Markets lowered Wartsila from a "strong-buy" rating to a "hold" rating in a report on Friday, July 11th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Wartsila has an average rating of "Reduce".

Wartsila Stock Performance

The stock's 50-day moving average is $5.43 and its 200 day moving average is $4.43. The stock has a market cap of $16.79 billion, a price-to-earnings ratio of 28.38 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.22 and a quick ratio of 0.84.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.05 EPS for the quarter. Wartsila had a net margin of 8.19% and a return on equity of 22.76%. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.96 billion. As a group, analysts predict 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.