Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Up – Here’s What Happened

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) gapped up prior to trading on Tuesday . The stock had previously closed at $8.51, but opened at $8.86. Vestas Wind Systems AS shares last traded at $8.8505, with a volume of 6,675 shares.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Rothschild & Co Redburn raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. 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. According to MarketBeat.com, Vestas Wind Systems AS presently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Up 0.5%

The company has a quick ratio of 0.67, a current ratio of 1.03 and a debt-to-equity ratio of 0.81. The company has a fifty day simple moving average of $9.72 and a 200 day simple moving average of $9.14. The firm has a market capitalization of $26.22 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.28 and a beta of 0.97.

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, topping the consensus estimate 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. On average, equities analysts expect that Vestas Wind Systems AS will post 0.44 EPS for the current fiscal 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.