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

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $5.41, but opened at $6.18. Vestas Wind Systems AS shares last traded at $6.18, with a volume of 38,592 shares changing hands.

Analysts Set New Price Targets

VWDRY has been the topic of a number of recent analyst reports. Berenberg Bank upgraded Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Citigroup reiterated a "buy" rating on shares of Vestas Wind Systems AS in a report on Wednesday, May 21st.

Vestas Wind Systems AS Trading Up 14.5%

The firm has a market cap of $18.76 billion, a PE ratio of 30.95, a P/E/G ratio of 0.62 and a beta of 1.29. 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 business has a fifty day moving average price of $5.42 and a 200 day moving average price of $4.90.

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.