Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Down – Here’s What Happened

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $6.65, but opened at $6.43. Vestas Wind Systems AS shares last traded at $6.42, with a volume of 32,880 shares.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VWDRY. Kepler Capital Markets downgraded shares of 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 note on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Vestas Wind Systems AS Price Performance

The stock has a fifty day moving average of $6.34 and a two-hundred day moving average of $5.53. The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 0.84.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced 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 firm 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 anticipate that Vestas Wind Systems AS will post 0.27 earnings per share 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.