Vestas Wind Systems AS (OTCMKTS:VWDRY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $9.46 and traded as high as $9.5640. Vestas Wind Systems AS shares last traded at $9.54, with a volume of 272,681 shares.

Wall Street Analyst Weigh In

VWDRY has been the subject of a number of recent research reports. Berenberg Bank upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Citigroup reaffirmed a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Vestas Wind Systems AS Stock Performance

The stock’s 50 day moving average price is $10.13 and its 200 day moving average price is $9.46. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.03. The company has a market capitalization of $27.93 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 0.71 and a beta of 1.03.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.19 billion. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.07%. As a group, equities analysts expect that Vestas Wind Systems AS will post 0.52 EPS for the current year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based renewable energy company that designs, manufactures, installs and services wind turbines. Its products and solutions are used in onshore and offshore wind energy projects, supported by digital monitoring, maintenance and lifecycle services intended to improve turbine performance and reliability.

The company serves utilities, independent power producers, commercial customers and other energy developers across major wind markets worldwide. Its activities cover the wind project lifecycle, including turbine supply, installation, commissioning, service agreements, spare parts and other operational support.

Vestas traces its origins to 1945, when it was established in Denmark as a manufacturer of household appliances and later agricultural machinery.