Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Unusually-High Trading Volume – Here’s What Happened

Vestas Wind Systems AS (OTCMKTS:VWDRY) shares saw strong trading volume on Monday . 693,485 shares changed hands during trading, an increase of 189% from the previous session’s volume of 239,591 shares.The stock last traded at $10.2475 and had previously closed at $9.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VWDRY shares. Rothschild & Co Redburn upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Kepler Capital Markets cut shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Vestas Wind Systems AS presently has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Price Performance

The stock has a market capitalization of $30.91 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 1.49 and a beta of 1.01. The business’s 50 day simple moving average is $9.36 and its two-hundred day simple moving average is $8.87. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 0.67.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted 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 net margin of 4.44% and a return on equity of 24.90%. The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.48 billion. As a group, sell-side analysts forecast that Vestas Wind Systems AS will post 0.44 earnings per share for the current fiscal year.

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.