Vestas Wind Systems AS (OTCMKTS:VWDRY) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Vestas Wind Systems AS stock recently crossed above its 200-day moving average, trading as high as $6.44 before closing at $6.38.
• Research analysts have mixed ratings on the stock, with one strong buy, one buy, two holds, and one sell, leading to a consensus rating of "Hold."
• The company reported earnings surpassing expectations, with $4.37 billion in revenue for the quarter and an EPS of $0.01, indicating positive financial performance.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.37 and traded as high as $6.44. Vestas Wind Systems AS shares last traded at $6.38, with a volume of 102,897 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on VWDRY. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Vestas Wind Systems AS in a research report on Friday, August 15th. Kepler Capital Markets cut Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Fearnley Fonds cut Vestas Wind Systems AS from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, Citigroup reiterated a "buy" rating on shares of Vestas Wind Systems AS in a research report on Wednesday, May 21st. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Vestas Wind Systems AS Price Performance

The stock has a 50 day simple moving average of $6.21 and a two-hundred day simple moving average of $5.40. The company has a market cap of $18.54 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 0.71 and a beta of 1.20. 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 released its quarterly earnings data 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 company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $3.98 billion. Vestas Wind Systems AS had a return on equity of 23.25% and a net margin of 4.08%. On average, equities research analysts predict that Vestas Wind Systems AS will post 0.27 earnings per share 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.