Wartsila (OTCMKTS:WRTBY) Hits New 1-Year High – Time to Buy?

Wartsila (OTCMKTS:WRTBY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7.42 and last traded at $7.42, with a volume of 1275 shares changing hands. The stock had previously closed at $7.31.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a report on Wednesday, October 29th. Barclays reiterated an “underweight” rating on shares of Wartsila in a research report on Wednesday, December 3rd. Finally, Citigroup restated a “sell” rating on shares of Wartsila in a report on Monday, October 6th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Wartsila Stock Up 1.5%

The company has a current ratio of 1.28, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is $6.73 and its 200-day moving average price is $5.96. The company has a market cap of $21.95 billion, a P/E ratio of 33.73 and a beta of 1.22.

Wartsila (OTCMKTS:WRTBY) last posted its earnings results on Tuesday, October 28th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.99 billion. Wartsila had a net margin of 8.89% and a return on equity of 23.64%. As a group, research analysts forecast that Wartsila will post 0.18 EPS for the current year.

About Wartsila

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.