Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Rating Lowered to “Hold” at Pareto Securities

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) was downgraded by equities researchers at Pareto Securities from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Wärtsilä Oyj Abp Stock Up 6.8 %

Shares of Wärtsilä Oyj Abp stock opened at $4.18 on Wednesday. The business has a fifty day simple moving average of $3.91 and a 200 day simple moving average of $3.94. The stock has a market cap of $12.31 billion, a PE ratio of 23.22 and a beta of 1.13. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.16. Wärtsilä Oyj Abp has a 12 month low of $3.25 and a 12 month high of $4.69.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last posted its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter. Wärtsilä Oyj Abp had a return on equity of 21.67% and a net margin of 7.81%. Research analysts predict that Wärtsilä Oyj Abp will post 0.18 EPS for the current year.

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.