Vestas Wind Systems A/S (OTCMKTS:VWDRY) Downgraded by Berenberg Bank to Hold

Berenberg Bank lowered shares of Vestas Wind Systems A/S (OTCMKTS:VWDRY) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Citigroup upgraded shares of Vestas Wind Systems A/S to a “strong-buy” rating in a research report on Wednesday, October 2nd. Fearnley Fonds raised Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

Vestas Wind Systems A/S Stock Performance

VWDRY opened at $4.86 on Thursday. Vestas Wind Systems A/S has a 52-week low of $4.61 and a 52-week high of $10.62. The company has a current ratio of 1.02, a quick ratio of 0.53 and a debt-to-equity ratio of 1.11. The firm’s 50 day moving average is $6.58 and its 200-day moving average is $7.70.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last posted its quarterly earnings results on Wednesday, August 14th. The energy company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Vestas Wind Systems A/S had a return on equity of 1.71% and a net margin of 0.32%. The firm had revenue of $3.55 billion during the quarter. On average, equities research analysts predict that Vestas Wind Systems A/S will post 0.16 earnings per share for the current year.

Vestas Wind Systems A/S Company Profile

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.