Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Up – Time to Buy?

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) gapped up prior to trading on Friday . The stock had previously closed at $8.56, but opened at $8.81. Vestas Wind Systems AS shares last traded at $8.77, with a volume of 25,200 shares changing hands.

Analyst Ratings Changes

Several analysts have recently weighed in on VWDRY shares. Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Rothschild & Co Redburn raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Price Performance

The stock has a fifty day moving average of $9.56 and a 200-day moving average of $9.18. 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 firm has a market capitalization of $26.07 billion, a P/E ratio of 26.46, a PEG ratio of 1.29 and a beta of 0.97.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.48 billion. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.02%. Equities analysts predict that Vestas Wind Systems AS will post 0.44 EPS 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.