Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) saw strong trading volume on Thursday . 272,585 shares traded hands during mid-day trading, an increase of 12% from the previous session’s volume of 242,692 shares.The stock last traded at $9.00 and had previously closed at $8.34.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded shares of 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Performance

The company’s 50 day simple moving average is $9.04 and its 200 day simple moving average is $9.18. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 1.03. The stock has a market cap of $26.97 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 0.93 and a beta of 0.96.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.02%. The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.48 billion. Analysts expect that Vestas Wind Systems AS will post 0.46 earnings per share for the current year.

Vestas Wind Systems AS Company Profile

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.