Vestas Wind Systems AS (OTCMKTS:VWDRY) Reaches New 1-Year High After Earnings Beat

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s share price reached a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $10.94 and last traded at $10.8650, with a volume of 61585 shares. The stock had previously closed at $9.06.

The energy company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Performance

The stock’s 50-day moving average price is $8.93 and its 200 day moving average price is $9.15. 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 market cap of $32.30 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97.

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.