Vestas Wind Systems AS (OTCMKTS:VWDRY – Get Free Report) shares saw unusually-strong trading volume on Friday. Approximately 577,396 shares changed hands during mid-day trading, an increase of 141% from the average daily volume of 239,536 shares. The stock last traded at $9.54 and had previously closed at $9.74.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on VWDRY shares. Citigroup reiterated a “buy” rating on shares of Vestas Wind Systems AS in a research note on Thursday, August 13th. Berenberg Bank raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Finally, Deutsche Bank restated a “hold” rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.
View Our Latest Analysis on VWDRY
Vestas Wind Systems AS Stock Down 1.9%
The firm’s 50 day simple moving average is $9.95 and its 200 day simple moving average is $9.48. The company has a market cap of $28.55 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 0.71 and a beta of 1.03. The company has a quick ratio of 0.66, a current ratio of 1.03 and a debt-to-equity ratio of 0.81.
Vestas Wind Systems AS (OTCMKTS:VWDRY – Get Free Report) last issued its quarterly earnings data on Wednesday, November 11th. The energy company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). Vestas Wind Systems AS had a return on equity of 28.67% and a net margin of 5.42%. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.80 billion. Sell-side analysts anticipate that Vestas Wind Systems AS will post 0.52 EPS for the current fiscal year.
About Vestas Wind Systems AS
Vestas Wind Systems A/S is a Denmark-based company that designs, manufactures, installs and services wind turbines. Its products and solutions support both onshore and offshore wind energy projects. Founded in 1945, Vestas initially operated in other manufacturing businesses before focusing on wind energy. The company serves customers in markets around the world and provides services intended to support turbine performance throughout a project’s operating life.
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