Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) saw an uptick in trading volume on Monday . 331,784 shares were traded during mid-day trading, an increase of 61% from the previous session’s volume of 206,560 shares.The stock last traded at $9.9950 and had previously closed at $9.99.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VWDRY shares. Rothschild & Co Redburn raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Kepler Capital Markets cut Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Trading Down 1.0%

The company has a debt-to-equity ratio of 0.67, a current ratio of 1.00 and a quick ratio of 0.66. The firm has a market cap of $30.08 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. The firm’s fifty day moving average is $8.98 and its 200-day moving average is $8.60.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings results on Thursday, February 5th. The energy company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $6.41 billion. Vestas Wind Systems AS had a return on equity of 23.30% and a net margin of 4.22%. Equities analysts anticipate that Vestas Wind Systems AS will post 0.41 earnings per share for the current year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.