Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Sets New 52-Week Low - What's Next?

Wärtsilä Oyj Abp (OTCMKTS:WRTBY - Get Free Report) reached a new 52-week low during mid-day 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.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities downgraded shares of Wärtsilä Oyj Abp from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th.

Wärtsilä Oyj Abp Price Performance

The stock has a market capitalization of $10.96 billion, a P/E ratio of 20.67 and a beta of 0.91. The business has a fifty day simple moving average of $3.81 and a 200 day simple moving average of $3.86. 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 (OTCMKTS:WRTBY - Get Free Report) last announced its quarterly 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%. On average, analysts expect that Wärtsilä Oyj Abp will post 0.18 earnings per share for the current year.

Wärtsilä Oyj Abp Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 8th. Investors of record on Monday, March 17th were given a dividend of $0.0456 per share. This is a positive change from Wärtsilä Oyj Abp's previous dividend of $0.04. The ex-dividend date was Monday, March 17th. Wärtsilä Oyj Abp's dividend payout ratio (DPR) is presently 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.