Vestas Wind Systems AS (OTCMKTS:VWDRY) Stock Passes Above 200-Day Moving Average - Here's What Happened

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 crossed 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 trading hands.

Wall Street Analyst Weigh In

VWDRY has been the topic of several research analyst reports. Kepler Capital Markets downgraded Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Vestas Wind Systems AS in a research report on Friday, August 15th. 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. Fearnley Fonds downgraded shares of Vestas Wind Systems AS from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, Citigroup restated a "buy" rating on shares of Vestas Wind Systems AS in a research report on Wednesday, May 21st. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, Vestas Wind Systems AS presently has a consensus rating of "Hold".

Vestas Wind Systems AS Trading Down 2.4%

The firm has a market capitalization of $19.33 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 0.78 and a beta of 1.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.56 and a current ratio of 0.96. The company has a 50 day moving average price of $6.18 and a two-hundred day moving average price of $5.37.

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