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

Vestas Wind Systems AS (OTCMKTS:VWDRY) saw strong trading volume on Friday . 254,911 shares changed hands during mid-day trading, an increase of 77% from the previous session’s volume of 143,635 shares.The stock last traded at $10.06 and had previously closed at $10.04.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, December 10th. DZ Bank upgraded shares of Vestas Wind Systems AS to a “strong-buy” rating in a report on Sunday, December 21st. Berenberg Bank lowered shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Barclays reissued an “underweight” rating on shares of Vestas Wind Systems AS in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Price Performance

The company has a market capitalization of $30.30 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 0.61 and a beta of 1.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.97 and a quick ratio of 0.60. The firm’s 50-day moving average is $8.95 and its 200-day moving average is $7.40.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings results on Wednesday, November 5th. The energy company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Vestas Wind Systems AS had a net margin of 5.00% and a return on equity of 27.61%. The business had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $5.43 billion. Analysts predict that Vestas Wind Systems AS will post 0.27 EPS for the current fiscal 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.