Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Cross Below 50-Day Moving Average – What’s Next?

Vestas Wind Systems AS (OTCMKTS:VWDRY) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 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 trading hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VWDRY. Rothschild & Co Redburn raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Trading Down 1.5%

The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 1.03. The company has a market cap of $26.10 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 0.98 and a beta of 0.96. The company’s fifty day moving average is $9.15 and its two-hundred day moving average is $9.21.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.02%. On average, research analysts anticipate that Vestas Wind Systems AS will post 0.46 EPS 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.