Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Large Volume Increase – Here’s Why

Vestas Wind Systems AS (OTCMKTS:VWDRY) shares saw strong trading volume on Friday. Approximately 577,396 shares were traded during mid-day trading, an increase of 141% from the average daily volume of 239,536 shares. The stock last traded at $9.54 and had previously closed at $9.74.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VWDRY shares. Berenberg Bank upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Citigroup restated a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Vestas Wind Systems AS Price Performance

The business has a 50-day simple moving average of $9.95 and a two-hundred day simple moving average of $9.48. The company has a quick ratio of 0.66, a current ratio of 1.03 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $28.55 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 0.71 and a beta of 1.03.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings results on Wednesday, November 11th. The energy company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 28.67%. The firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.80 billion. As a group, research analysts predict that Vestas Wind Systems AS will post 0.52 earnings per share for the current fiscal year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based company that designs, manufactures, installs and services wind turbines. Its products and solutions support both onshore and offshore wind energy projects. Founded in 1945, Vestas initially operated in other manufacturing businesses before focusing on wind energy. The company serves customers in markets around the world and provides services intended to support turbine performance throughout a project’s operating life.