Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Sets New 52-Week Low – Here’s Why

Wärtsilä Oyj Abp (OTCMKTS:WRTBYGet 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 %

The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $3.84 and a 200 day simple moving average of $3.89. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 18.39 and a beta of 0.91.

Wärtsilä Oyj Abp (OTCMKTS:WRTBYGet 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

(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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