Wartsila (OTCMKTS:WRTBY) Shares Gap Up - Time to Buy?

Key Points

• Shares gapped up from $7.60 to $7.98 on Wednesday but traded on light volume (1,190 shares) and sit near the 50‑day moving average ($8.06) and above the 200‑day average ($6.95).
• Analyst sentiment is largely negative—three Sell and two Hold ratings lead to an average rating of Strong Sell, with recent downgrades/reiterations from Pareto, Citigroup and Barclays.
• Recent results showed $0.07 EPS and $2.33B revenue (missing analyst estimates of $2.42B); the company has a net margin of 9.08% and analysts forecast about $0.18 EPS for the year.

Shares of Wartsila (OTCMKTS:WRTBY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $7.60, but opened at $7.98. Wartsila shares last traded at $7.98, with a volume of 1,190 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on WRTBY shares. Barclays reissued an "underweight" rating on shares of Wartsila in a research note on Wednesday, December 3rd. Pareto Securities downgraded Wartsila from a "hold" rating to a "sell" rating in a report on Monday, January 19th. Citigroup reiterated a "sell" rating on shares of Wartsila in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Wartsila in a research note on Thursday, February 5th. Two analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Wartsila presently has an average rating of "Strong Sell".

Wartsila Price Performance

The firm has a market cap of $22.94 billion, a P/E ratio of 33.72 and a beta of 1.21. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The business's 50 day moving average is $8.06 and its two-hundred day moving average is $6.95.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.08% and a return on equity of 24.14%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.42 billion. As a group, analysts anticipate that Wartsila will post 0.18 earnings per share for the current 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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