Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Coverage Initiated at Barclays

Stock analysts at Barclays initiated coverage on shares of Wärtsilä Oyj Abp (OTCMKTS:WRTBY) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage set an “underweight” rating on the stock.

Separately, Citigroup lifted their price target on shares of Wärtsilä Oyj Abp to €13.00 ($13.98) in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.85.

Wärtsilä Oyj Abp Stock Performance

WRTBY stock opened at $2.58 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.14 and a quick ratio of 0.71. The company’s 50-day moving average is $2.40 and its 200-day moving average is $2.21. Wärtsilä Oyj Abp has a 1 year low of $1.30 and a 1 year high of $2.58.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last announced its quarterly earnings results on Friday, July 21st. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $1.58 billion for the quarter. Wärtsilä Oyj Abp had a return on equity of 5.29% and a net margin of 1.81%.

About Wärtsilä Oyj Abp

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers marine power products, such as engines, propulsion systems, hybrid technology, and integrated powertrain systems; marine systems comprising products and lifecycle services related to the gas value chain, exhaust treatment, shaft line, underwater repair, and electrical integrations; voyage solutions, including bridge infrastructure solutions, cloud data services, decision support systems, and smart port solutions to enable shore-to-shore visibility, as well as builds end-to-end digital ecosystem for shipping; and decarbonization energy services, future-fuel enabled balancing power plants, hybrid solutions, energy storage solutions, and optimization technology solutions.