Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Unusually-High Trading Volume After Analyst Upgrade

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) saw unusually-high trading volume on Wednesday after Rothschild & Co Redburn upgraded the stock from a hold rating to a strong-buy rating. Approximately 429,161 shares were traded during trading, an increase of 124% from the previous session’s volume of 191,881 shares.The stock last traded at $9.65 and had previously closed at $9.9750.

Several other research firms also recently weighed in on VWDRY. Kepler Capital Markets downgraded Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Barclays reiterated an “underweight” rating on shares of Vestas Wind Systems AS in a research report on Wednesday, December 3rd. Finally, DZ Bank raised Vestas Wind Systems AS to a “strong-buy” rating in a research note on Sunday, December 21st. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Vestas Wind Systems AS presently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Price Performance

The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 0.67. The business’s 50-day simple moving average is $8.72 and its two-hundred day simple moving average is $8.10. The firm has a market cap of $29.07 billion, a price-to-earnings ratio of 31.99, a P/E/G ratio of 1.39 and a beta of 1.20.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its quarterly earnings data on Thursday, February 5th. The energy company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. Vestas Wind Systems AS had a return on equity of 23.30% and a net margin of 4.22%.The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $6.41 billion. As a group, research analysts expect 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.