Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.72 and traded as low as $8.66. Vestas Wind Systems AS shares last traded at $8.74, with a volume of 156,535 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Rothschild & Co Redburn raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Vestas Wind Systems AS presently has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Trading Up 2.7%

The stock has a market capitalization of $26.10 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 1.28 and a beta of 0.97. The firm has a 50-day moving average price of $9.72 and a 200-day moving average price of $9.14. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.48 billion. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%. As a group, equities analysts forecast that Vestas Wind Systems AS will post 0.44 EPS for the current fiscal year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long?term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.