Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.15 and traded as low as $8.70. Vestas Wind Systems AS shares last traded at $8.74, with a volume of 166,684 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on VWDRY. Rothschild & Co Redburn upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Kepler Capital Markets upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Performance

The company has a market capitalization of $26.10 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 0.96 and a beta of 0.96. The stock’s 50 day moving average price is $9.15 and its 200 day moving average price is $9.21. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released its earnings results on Wednesday, May 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%.The business had revenue of $4.66 billion for 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.

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.