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

Wartsila (OTCMKTS:WRTBY) shares gapped down before the market opened on Friday . The stock had previously closed at $7.67, but opened at $7.2450. Wartsila shares last traded at $7.2450, with a volume of 308 shares trading hands.

Analysts Set New Price Targets

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

Wartsila Trading Down 3.6%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04. The firm has a market cap of $21.42 billion, a PE ratio of 31.48 and a beta of 1.21. The company’s 50 day moving average price is $8.06 and its 200 day moving average price is $7.11.

Wartsila (OTCMKTS:WRTBY) last announced its earnings results on Wednesday, February 4th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.42 billion. Wartsila had a net margin of 9.08% and a return on equity of 24.14%. As a group, analysts forecast that Wartsila will post 0.18 EPS 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.