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

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.69 and last traded at $4.50, with a volume of 1129 shares changing hands. The stock had previously closed at $4.55.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut Wärtsilä Oyj Abp from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. Hsbc Global Res raised Wärtsilä Oyj Abp to a “moderate sell” rating in a report on Friday, September 13th.

Wärtsilä Oyj Abp Price Performance

The company has a 50 day moving average of $4.21 and a 200-day moving average of $3.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 0.75. The company has a market cap of $13.06 billion, a P/E ratio of 34.12 and a beta of 1.06.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last issued its quarterly earnings results on Friday, July 19th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $1.67 billion during the quarter. Wärtsilä Oyj Abp had a return on equity of 17.23% and a net margin of 6.29%. On average, equities analysts predict that Wärtsilä Oyj Abp will post 0.16 earnings per share for the current year.

Wärtsilä Oyj Abp Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 11th were given a dividend of $0.0356 per share. The ex-dividend date was Wednesday, September 11th. This is a positive change from Wärtsilä Oyj Abp’s previous dividend of $0.03. Wärtsilä Oyj Abp’s dividend payout ratio is 15.39%.

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.