Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Here’s Why

Shares of Wartsila (OTCMKTS:WRTBY) gapped down before the market opened on Friday . The stock had previously closed at $7.66, but opened at $7.38. Wartsila shares last traded at $7.38, with a volume of 25,385 shares.

Wall Street Analysts Forecast Growth

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

Wartsila Trading Up 2.4%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.28. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 34.34 and a beta of 1.22. The business’s 50-day simple moving average is $6.85 and its 200-day simple moving average is $6.09.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.07 EPS for the quarter. Wartsila had a net margin of 8.89% and a return on equity of 23.64%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. On average, research analysts expect that Wartsila will post 0.18 earnings per share for the current fiscal 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.