Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Vestas Wind Systems’ trading volume surged 134% to approximately 588,361 shares, while the stock slipped 0.5% to $10.927.
• Analyst sentiment is generally positive, with an average rating of “Moderate Buy”; Kepler Capital Markets upgraded the stock to “strong buy,” while Citigroup maintained a “buy” rating.
• Vestas exceeded quarterly expectations, reporting $0.11 in EPS versus $0.06 expected and revenue of $5.45 billion versus a $5.19 billion consensus estimate.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) shares saw strong trading volume on Friday . Approximately 588,361 shares traded hands during trading, an increase of 134% from the previous session's volume of 251,191 shares.The stock last traded at $10.9270 and had previously closed at $10.97.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VWDRY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 5th. Finally, Citigroup reissued a "buy" rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vestas Wind Systems AS has an average rating of "Moderate Buy".

Vestas Wind Systems AS Stock Down 0.5%

The firm has a 50 day moving average of $9.20 and a two-hundred day moving average of $9.19. The firm has a market capitalization of $32.60 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97. The company has a quick ratio of 0.67, 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 earnings results on Wednesday, August 12th. The energy company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.19 billion. Vestas Wind Systems AS had a return on equity of 29.50% and a net margin of 5.42%. As a group, sell-side analysts anticipate that Vestas Wind Systems AS will post 0.54 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.

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