Vestas Wind Systems AS (OTCMKTS:VWDRY) Trading Down 7.5% – Here’s Why

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s stock price fell 7.5% during 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

A number of brokerages have recently commented on VWDRY. Rothschild & Co Redburn raised 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 lowered shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Vestas Wind Systems AS Stock 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 company’s fifty day moving average is $9.64 and its 200 day moving average is $9.03. The company has a market cap of $27.42 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released its earnings results on Wednesday, May 6th. The energy company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.90%. The company had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.48 billion. As a group, equities analysts predict that Vestas Wind Systems AS will post 0.44 earnings per share 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.