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

Key Points

• Vestas Wind Systems AS shares gapped down, opening at $6.23 after a previous close of $6.45, with the last traded price at $6.27 and a trading volume of 22,571 shares.
• Analyst ratings show a mixed sentiment, with one analyst rating the stock as a Strong Buy, while others have assigned ratings ranging from Buy to Strong Sell, resulting in a consensus rating of Hold.
• The company reported a quarterly earnings per share (EPS) of $0.01, exceeding analysts' expectations, and generated revenue of $4.37 billion compared to the consensus estimate of $3.98 billion.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $6.45, but opened at $6.23. Vestas Wind Systems AS shares last traded at $6.27, with a volume of 22,571 shares.

Analyst Ratings Changes

Several analysts have issued reports on VWDRY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Vestas Wind Systems AS in a report on Friday, August 15th. Berenberg Bank raised shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Citigroup reaffirmed a "buy" rating on shares of Vestas Wind Systems AS in a report on Wednesday, May 21st. Kepler Capital Markets lowered shares of Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Finally, Fearnley Fonds lowered shares of Vestas Wind Systems AS from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. One research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Vestas Wind Systems AS Stock Performance

The stock's 50-day moving average price is $6.20 and its 200-day moving average price is $5.37. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $18.57 billion, a P/E ratio of 22.70, a P/E/G ratio of 0.76 and a beta of 1.20.

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

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