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

Key Points

• Vestas Wind Systems AS shares experienced a significant gap down, opening at $5.72 after a previous close of $5.99, reflecting a trading volume of 35,911 shares.
• The company faces mixed analyst reports, with Citigroup reaffirming a "buy" rating, while Kepler Capital Markets downgraded the stock to a "strong sell."
• Vestas has a market capitalization of $17.39 billion and a price-to-earnings ratio of 28.70, indicating a relatively high valuation compared to earnings.

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $5.99, but opened at $5.72. Vestas Wind Systems AS shares last traded at $5.74, with a volume of 35,911 shares traded.

Analyst Upgrades and Downgrades

VWDRY has been the subject of several recent research reports. Kepler Capital Markets cut shares of Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Citigroup reiterated a "buy" rating on shares of Vestas Wind Systems AS in a research report on Wednesday, May 21st. Finally, Berenberg Bank upgraded shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th.

Vestas Wind Systems AS Stock Performance

The stock's 50 day moving average price is $5.72 and its 200 day moving average price is $5.10. The company has a current ratio of 1.02, a quick ratio of 0.60 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 0.66 and a beta of 1.25.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The energy company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. Vestas Wind Systems AS had a net margin of 3.15% and a return on equity of 17.84%. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $3.98 billion. Analysts expect that Vestas Wind Systems AS will post 0.27 earnings per share for the current year.

About Vestas Wind Systems AS

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.