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

Key Points

• Vestas Wind Systems AS shares gapped down, opening at $6.46 after closing at $6.67, with a current trading price at $6.40.
• Several research firms have recently downgraded Vestas, with Fearnley Fonds changing its rating from "strong-buy" to "hold" and Kepler Capital Markets moving from "hold" to "strong sell."
• The company reported a profit of $0.01 earnings per share for the last quarter, exceeding analysts' expectations, with revenue of $4.37 billion against a $3.98 billion estimate.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $6.67, but opened at $6.46. Vestas Wind Systems AS shares last traded at $6.40, with a volume of 18,836 shares trading hands.

Wall Street Analysts Forecast Growth

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

Vestas Wind Systems AS Trading Down 4.2%

The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 0.84. The firm's 50-day simple moving average is $6.46 and its 200 day simple moving average is $5.66. The stock has a market capitalization of $19.36 billion, a P/E ratio of 23.67, a PEG ratio of 0.63 and a beta of 1.24.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last released its earnings results on Wednesday, August 13th. The energy company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $3.98 billion. Vestas Wind Systems AS had a net margin of 4.08% and a return on equity of 23.25%. Equities research analysts anticipate 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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