Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Down – Here’s Why

Vestas Wind Systems AS (OTCMKTS:VWDRY) gapped down before the market opened on Tuesday . The stock had previously closed at $10.33, but opened at $9.88. Vestas Wind Systems AS shares last traded at $9.9325, with a volume of 11,643 shares traded.

Analyst Ratings Changes

A number of analysts recently issued reports on VWDRY shares. Rothschild & Co Redburn upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Kepler Capital Markets downgraded shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Vestas Wind Systems AS currently has a consensus rating of “Hold”.

Vestas Wind Systems AS Price Performance

The stock has a market cap of $29.83 billion, a PE ratio of 29.84, a P/E/G ratio of 1.51 and a beta of 1.01. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.00 and a quick ratio of 0.66. The firm’s 50 day moving average price is $9.60 and its two-hundred day moving average price is $9.02.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its earnings results on Wednesday, May 6th. The energy company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.48 billion. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.90%. On average, research analysts expect that Vestas Wind Systems AS will post 0.44 earnings per share for the current 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.