Vestas Wind Systems AS (OTCMKTS:VWDRY) Trading Down 7.5% – What’s Next?

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s stock price traded down 7.5% during mid-day trading on Wednesday . The company traded as low as $9.23 and last traded at $9.25. 9,927 shares were traded during mid-day trading, a decline of 96% from the average session volume of 240,542 shares. The stock had previously closed at $10.00.

Wall Street Analyst Weigh In

VWDRY has been the subject of several recent analyst reports. Rothschild & Co Redburn upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Kepler Capital Markets lowered Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Vestas Wind Systems AS currently has an average rating of “Hold”.

Vestas Wind Systems AS Price Performance

The business’s fifty day moving average price is $9.68 and its 200 day moving average price is $9.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.66. The stock has a market cap of $27.33 billion, a P/E ratio of 27.73, a PEG ratio of 1.38 and a beta of 1.01.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its quarterly 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 company had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.48 billion. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.02%. Sell-side 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.