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

Key Points

• Wartsila shares jumped from a closing price of $5.84 to an opening price of $6.05 on Friday, with the last recorded trade at $5.97.
• Analysts have recently downgraded Wartsila's stock, with Citigroup moving it from a "hold" to a "sell" rating, reflecting reduced confidence in its performance.
• The company declared a dividend yield of 72.0% to be paid on October 9th, with an upcoming ex-dividend date of September 17th.

Wartsila (OTCMKTS:WRTBY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $5.84, but opened at $6.05. Wartsila shares last traded at $5.97, with a volume of 8,744 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup cut shares of Wartsila from a "hold" rating to a "sell" rating in a research note on Thursday, September 4th. Kepler Capital Markets cut shares of Wartsila from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce".

Wartsila Stock Performance

The stock has a market capitalization of $17.77 billion, a price-to-earnings ratio of 30.03 and a beta of 1.20. The company's fifty day simple moving average is $5.77 and its 200 day simple moving average is $4.63. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 0.13.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last released 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 the consensus estimate of $1.96 billion. On average, equities research analysts expect that Wartsila will post 0.18 earnings per share for the current year.

Wartsila Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be paid a $0.0231 dividend. The ex-dividend date is Wednesday, September 17th. This represents a dividend yield of 72.0%. Wartsila's dividend payout ratio is 15.00%.

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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