Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Down - Here's What Happened

Key Points

• Vestas Wind Systems AS shares gapped down to $6.43 from a previous close of $6.65, with the latest trade at $6.42 and a trading volume of 32,880 shares.
• Analysts have issued mixed ratings on the stock, with Kepler Capital Markets downgrading it to a "strong sell" and Fearnley Fonds downgrading to "hold," while the average analyst rating is currently "hold."
• In its latest earnings report, Vestas reported a profit of $0.01 per share, beating expectations, with revenue of $4.37 billion compared to the forecast of $3.98 billion.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $6.65, but opened at $6.43. Vestas Wind Systems AS shares last traded at $6.42, with a volume of 32,880 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VWDRY shares. Kepler Capital Markets downgraded Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Fearnley Fonds downgraded Vestas Wind Systems AS from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Vestas Wind Systems AS in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold".

Vestas Wind Systems AS Trading Down 2.1%

The business has a 50-day simple moving average of $6.34 and a two-hundred day simple moving average of $5.52. The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 0.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.96 and a quick ratio of 0.56.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The energy company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $3.98 billion. Vestas Wind Systems AS had a return on equity of 23.25% and a net margin of 4.08%. Equities analysts forecast that Vestas Wind Systems AS will post 0.27 EPS for the current fiscal year.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.

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