Pareto Securities Downgrades Wärtsilä Oyj Abp (OTCMKTS:WRTBY) to Hold

Pareto Securities downgraded shares of Wärtsilä Oyj Abp (OTCMKTS:WRTBY) from a strong-buy rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

Wärtsilä Oyj Abp Stock Down 8.6 %

OTCMKTS:WRTBY opened at $3.82 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.79 and a current ratio of 1.24. The firm has a market cap of $11.25 billion, a P/E ratio of 21.22 and a beta of 1.13. Wärtsilä Oyj Abp has a fifty-two week low of $3.25 and a fifty-two week high of $4.69. The firm has a 50-day simple moving average of $3.92 and a two-hundred day simple moving average of $3.94.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter. Wärtsilä Oyj Abp had a net margin of 7.81% and a return on equity of 21.67%. Analysts predict that Wärtsilä Oyj Abp will post 0.18 earnings per share for the current fiscal year.

Wärtsilä Oyj Abp Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 8th. Investors of record on Monday, March 17th will be given a dividend of $0.0456 per share. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Wärtsilä Oyj Abp’s previous dividend of $0.04. Wärtsilä Oyj Abp’s dividend payout ratio (DPR) is 11.11%.

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.