Wartsila (OTCMKTS:WRTBY) Shares Up 8.6% - Still a Buy?

Key Points

• Shares jumped 8.6% to about $7.87 on Wednesday (intraday high $7.876) on roughly 7,095 shares traded, a 39% decline vs. average volume.
• Analyst consensus is "Strong Sell", with two Holds and three Sells after recent downgrades from firms including Pareto and Citigroup.
• Quarterly miss and valuation: Wartsila reported $0.07 EPS and $2.33B revenue (below $2.42B estimate); market cap is $23.37B with a P/E of ~34 and analysts project $0.18 EPS for the year.

Wartsila (OTCMKTS:WRTBY - Get Free Report) shares were up 8.6% on Wednesday . The stock traded as high as $7.8760 and last traded at $7.8650. Approximately 7,095 shares were traded during trading, a decline of 39% from the average daily volume of 11,540 shares. The stock had previously closed at $7.24.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WRTBY. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Wartsila in a report on Thursday, February 5th. Barclays reaffirmed an "underweight" rating on shares of Wartsila in a research report on Wednesday, December 3rd. Pareto Securities downgraded Wartsila from a "hold" rating to a "sell" rating in a research note on Monday, January 19th. Finally, Citigroup reissued a "sell" rating on shares of Wartsila in a report on Thursday, January 22nd. Two 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, Wartsila presently has a consensus rating of "Strong Sell".

Wartsila Trading Up 9.1%

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 firm has a market capitalization of $23.37 billion, a P/E ratio of 34.35 and a beta of 1.21. The firm has a 50 day simple moving average of $8.03 and a two-hundred day simple moving average of $7.13.

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. Equities research analysts forecast 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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