Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Rating Increased to Strong-Buy at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Wärtsilä Oyj Abp (OTCMKTS:WRTBY) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

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

Wärtsilä Oyj Abp Stock Down 6.8 %

Wärtsilä Oyj Abp stock opened at $3.13 on Tuesday. The company has a 50 day moving average of $3.77 and a 200-day moving average of $3.85. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.16. Wärtsilä Oyj Abp has a twelve month low of $2.78 and a twelve month high of $4.69. The stock has a market capitalization of $9.22 billion, a PE ratio of 17.39 and a beta of 0.91.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last announced its 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%. On average, equities research analysts anticipate that Wärtsilä Oyj Abp will post 0.18 EPS for the current fiscal year.

Wärtsilä Oyj Abp Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 8th. Shareholders 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 payout ratio is 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.