Wärtsilä Oyj Abp (OTCMKTS:WRTBY – Get Free Report)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $2.78 and last traded at $3.31, with a volume of 6299 shares trading hands. The stock had previously closed at $3.22.
Analysts Set New Price Targets
Separately, Pareto Securities downgraded Wärtsilä Oyj Abp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 26th.
View Our Latest Stock Analysis on Wärtsilä Oyj Abp
Wärtsilä Oyj Abp Stock Up 2.8 %
Wärtsilä Oyj Abp (OTCMKTS:WRTBY – Get Free Report) last announced 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%. As a group, analysts expect that Wärtsilä Oyj Abp will post 0.18 earnings per share for the current fiscal year.
Wärtsilä Oyj Abp Increases Dividend
The company also recently declared a dividend, which was paid on Tuesday, April 8th. Stockholders of record on Monday, March 17th were given a dividend of $0.0456 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Wärtsilä Oyj Abp’s previous dividend of $0.04. Wärtsilä Oyj Abp’s dividend payout ratio is currently 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.
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