Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Break Below 50-Day Moving Average - What's Next?

Key Points

• Vestas shares fell below their 50-day moving average, declining as low as $9.17 versus the $10.35 average, and last traded at $9.26 on volume of 255,387 shares.
• Analyst sentiment remains generally positive: the stock has an average “Buy” rating, including four Strong Buy ratings, though Deutsche Bank maintained a Hold and one analyst rates it Sell.
• Vestas exceeded quarterly expectations, reporting $0.11 EPS versus $0.06 expected and $5.45 billion in revenue versus $5.19 billion forecast; analysts project $0.52 EPS for the full fiscal year.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $10.35 and traded as low as $9.17. Vestas Wind Systems AS shares last traded at $9.26, with a volume of 255,387 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VWDRY shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Berenberg Bank upgraded shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 26th. Finally, Citigroup restated a "buy" rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy".

Vestas Wind Systems AS Trading Up 0.1%

The stock's fifty day simple moving average is $10.35 and its two-hundred day simple moving average is $9.72. The firm has a market cap of $27.66 billion, a PE ratio of 21.53, a PEG ratio of 0.69 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 announced its quarterly earnings data on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. The business had revenue of $5.45 billion during the quarter, compared to analysts' expectations of $5.19 billion. Vestas Wind Systems AS had a return on equity of 29.07% and a net margin of 5.42%. On average, sell-side analysts forecast that Vestas Wind Systems AS will post 0.52 EPS for the current fiscal year.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S is a Denmark-based renewable energy company that designs, manufactures, installs and services wind turbines. Its products and solutions are used in onshore and offshore wind energy projects, supported by digital monitoring, maintenance and lifecycle services intended to improve turbine performance and reliability.

The company serves utilities, independent power producers, commercial customers and other energy developers across major wind markets worldwide. Its activities cover the wind project lifecycle, including turbine supply, installation, commissioning, service agreements, spare parts and other operational support.

Vestas traces its origins to 1945, when it was established in Denmark as a manufacturer of household appliances and later agricultural machinery.

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