Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Trading Up 1.7% – Here’s What Happened

Wärtsilä Oyj Abp (OTCMKTS:WRTBY)’s stock price rose 1.7% during mid-day trading on Thursday . The stock traded as high as $3.69 and last traded at $3.50. Approximately 1,784 shares traded hands during trading, a decline of 44% from the average daily volume of 3,206 shares. The stock had previously closed at $3.44.

Analysts Set New Price Targets

Separately, Hsbc Global Res upgraded Wärtsilä Oyj Abp to a “moderate sell” rating in a research report on Friday, September 13th.

Wärtsilä Oyj Abp Price Performance

The company has a fifty day moving average of $3.73 and a 200 day moving average of $4.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 0.75. The firm has a market capitalization of $10.31 billion, a P/E ratio of 23.33 and a beta of 1.05.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last announced its earnings results on Tuesday, October 29th. The company reported $0.05 EPS for the quarter. The company had revenue of $1.89 billion for the quarter. Wärtsilä Oyj Abp had a return on equity of 20.03% and a net margin of 7.03%.

About Wärtsilä Oyj Abp

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers engine power plant products, such as gas, multi-fuel, and diesel engines; GEMS Digital Energy Platform, a smart software platform that monitors, controls, and optimizes energy assets on site and portfolio levels; GridSolv Quantum, a fully integrated energy storage solution, which enables ease of deployment and sustainable energy optimization; GEMS Power Plant Controllers; GEMS Fleet Director, which provides centralized real-time visibility into a global fleet of power plants; and GEMS Grid Controller that conducts intelligent grid control and optimized power management for microgrids of various sizes.