Deutsche Bank Aktiengesellschaft Downgrades Wärtsilä Oyj Abp (OTCMKTS:WRTBY) to Hold

Wärtsilä Oyj Abp (OTCMKTS:WRTBYGet Free Report) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, reports.

Wärtsilä Oyj Abp Price Performance

WRTBY stock opened at $3.86 on Thursday. The stock’s 50 day simple moving average is $3.84 and its 200 day simple moving average is $3.26. Wärtsilä Oyj Abp has a fifty-two week low of $2.08 and a fifty-two week high of $4.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.75 and a current ratio of 1.17. The company has a market cap of $11.37 billion, a P/E ratio of 38.60 and a beta of 1.03.

Wärtsilä Oyj Abp (OTCMKTS:WRTBYGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The company reported $0.03 earnings per share for the quarter. Wärtsilä Oyj Abp had a return on equity of 13.47% and a net margin of 4.89%. The business had revenue of $1.43 billion for the quarter.

Wärtsilä Oyj Abp Company Profile

(Get Free Report)

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.

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