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

Key Points

• Wärtsilä shares gapped up pre-market from $7.7075 to $8.18 but traded on very light volume (339 shares) and was later down about 0.2%.
• Analysts have a consensus rating of "Strong Sell" (two Holds, three Sells), with recent actions including Pareto cutting to Sell and Citi reiterating a Sell while Deutsche Bank remains at Hold.
• Latest quarter showed EPS of $0.07 and revenue of $2.33 billion versus $2.42 billion expected, with a PE of 35.6, ROE of 24.1% and a market cap around $24.2 billion.

Wartsila (OTCMKTS:WRTBY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $7.7075, but opened at $8.18. Wartsila shares last traded at $8.18, with a volume of 339 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Pareto Securities cut shares of Wartsila from a "hold" rating to a "sell" rating in a research note on Monday, January 19th. Citigroup reiterated a "sell" rating on shares of Wartsila in a research note on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Wartsila in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Wartsila currently has a consensus rating of "Strong Sell".

Wartsila Trading Down 0.2%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. The stock has a market cap of $24.20 billion, a PE ratio of 35.57 and a beta of 1.32. The business has a 50-day moving average of $8.03 and a 200 day moving average of $7.19.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.07 EPS for the quarter. The company had revenue of $2.33 billion during the quarter, compared to analysts' expectations of $2.42 billion. Wartsila had a return on equity of 24.14% and a net margin of 9.08%. Equities research analysts predict that Wartsila will post 0.18 EPS for the current fiscal year.

Wartsila Company Profile

Wärtsilä OTCMKTS: WRTBY is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company's Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.

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