Vestas Wind Systems AS (OTCMKTS:VWDRY) Trading Down 3.1% - Here's Why

Key Points

• Vestas Wind Systems AS shares experienced a decline of 3.1%, trading at $6.58, with a significant drop in volume compared to its average daily trading volume.
• Multiple analysts revised their ratings on the stock, with Fearnley Fonds downgrading it from "strong-buy" to "hold", while Citigroup maintained a "buy" rating.
• For the last quarter, Vestas reported earnings of $0.01 per share and revenue of $4.37 billion, surpassing estimates and highlighting a strong return on equity of 23.27%.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) shares were down 3.1% on Monday . The company traded as low as $6.57 and last traded at $6.58. Approximately 98,874 shares traded hands during trading, a decline of 66% from the average daily volume of 293,379 shares. The stock had previously closed at $6.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Fearnley Fonds lowered Vestas Wind Systems AS from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Vestas Wind Systems AS in a research note on Friday, August 15th. Kepler Capital Markets cut Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Citigroup reaffirmed a "buy" rating on shares of Vestas Wind Systems AS in a report on Wednesday, May 21st. Finally, Berenberg Bank raised shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Vestas Wind Systems AS Trading Down 3.1%

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.60 and a current ratio of 1.02. The stock has a fifty day moving average of $6.04 and a 200-day moving average of $5.29. The company has a market cap of $19.94 billion, a PE ratio of 24.37, a PEG ratio of 0.78 and a beta of 1.20.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last released its earnings results on Wednesday, August 13th. The energy company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $3.98 billion. Vestas Wind Systems AS had a return on equity of 23.27% and a net margin of 4.08%. Sell-side analysts anticipate that Vestas Wind Systems AS will post 0.27 EPS 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.

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