Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Down – Here’s Why

Vestas Wind Systems AS (OTCMKTS:VWDRYGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $10.33, but opened at $9.88. Vestas Wind Systems AS shares last traded at $9.9325, with a volume of 11,643 shares changing hands.

Analysts Set New Price Targets

A number of research firms have weighed in on VWDRY. Rothschild & Co Redburn raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Kepler Capital Markets downgraded shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Read Our Latest Report on VWDRY

Vestas Wind Systems AS Stock Performance

The company’s fifty day moving average price is $9.60 and its 200 day moving average price is $9.02. The company has a market cap of $29.83 billion, a PE ratio of 29.84, a P/E/G ratio of 1.51 and a beta of 1.01. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.00 and a quick ratio of 0.66.

Vestas Wind Systems AS (OTCMKTS:VWDRYGet Free Report) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.03 EPS for the quarter, beating the consensus estimate 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 net margin of 4.44% and a return on equity of 24.90%. On average, equities research analysts predict that Vestas Wind Systems AS will post 0.44 earnings per share for the current year.

About Vestas Wind Systems AS

(Get Free Report)

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.

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