Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Down – What’s Next?

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $10.06, but opened at $9.57. Vestas Wind Systems AS shares last traded at $9.6380, with a volume of 35,672 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on VWDRY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Citigroup restated a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Finally, Berenberg Bank upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Four analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Vestas Wind Systems AS Trading Down 4.0%

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 company’s 50-day moving average price is $10.15 and its 200-day moving average price is $9.61. The firm has a market cap of $28.86 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 0.74 and a beta of 0.99.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.07%. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.19 billion. Equities analysts expect that Vestas Wind Systems AS will post 0.54 EPS for the current fiscal year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based renewable energy company focused on wind power. The company designs, manufactures, installs and services wind turbines and provides related technology, software and lifecycle support for wind energy projects.

Vestas supplies solutions for both onshore and offshore wind farms. Its services include turbine maintenance, monitoring, upgrades and other operational support intended to help customers improve the performance and reliability of their wind assets over time.

Founded in 1945, Vestas serves utilities, independent power producers, developers and other energy customers in markets around the world.