Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Downgraded to Hold Rating by Pareto Securities

Pareto Securities lowered shares of Wärtsilä Oyj Abp (OTCMKTS:WRTBY) 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 Performance

OTCMKTS WRTBY opened at $4.18 on Wednesday. The company has a market cap of $12.31 billion, a P/E ratio of 23.22 and a beta of 1.13. The company has a fifty day simple moving average of $3.91 and a 200 day simple moving average of $3.94. The company has a current ratio of 1.24, a quick ratio of 0.79 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 issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter. Wärtsilä Oyj Abp had a net margin of 7.81% and a return on equity of 21.67%. Sell-side analysts predict that Wärtsilä Oyj Abp will post 0.18 earnings per share for the current fiscal year.

Wärtsilä Oyj Abp Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Monday, March 17th will be paid a $0.0456 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Wärtsilä Oyj Abp’s previous dividend of $0.04. Wärtsilä Oyj Abp’s dividend payout ratio is 11.11%.

Wärtsilä Oyj Abp Company Profile

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.