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

Vestas Wind Systems AS (OTCMKTS:VWDRY) shares gapped down prior to trading on Monday . The stock had previously closed at $9.50, but opened at $9.15. Vestas Wind Systems AS shares last traded at $9.28, with a volume of 5,057 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Kepler Capital Markets upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Rothschild & Co Redburn upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Performance

The stock has a market cap of $27.93 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 1.05 and a beta of 0.96. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $9.46 and a 200-day simple moving average of $9.21.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released its earnings results on Wednesday, May 6th. The energy company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.48 billion. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%. Analysts forecast that Vestas Wind Systems AS will post 0.46 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.