Vestas Wind Systems A/S (OTCMKTS:VWDRY) Rating Increased to Strong-Buy at Fearnley Fonds

Fearnley Fonds upgraded shares of Vestas Wind Systems A/S (OTCMKTS:VWDRY) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

Separately, Citigroup upgraded shares of Vestas Wind Systems A/S to a “strong-buy” rating in a report on Wednesday, October 2nd.

Vestas Wind Systems A/S Trading Down 3.2 %

Shares of VWDRY traded down $0.17 during midday trading on Thursday, hitting $4.97. The stock had a trading volume of 662,775 shares, compared to its average volume of 231,389. Vestas Wind Systems A/S has a fifty-two week low of $4.93 and a fifty-two week high of $10.62. The business has a 50-day simple moving average of $6.85 and a two-hundred day simple moving average of $7.84. The firm has a market cap of $15.06 billion, a P/E ratio of 497.00 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.53 and a debt-to-equity ratio of 1.11.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last announced its earnings results on Wednesday, August 14th. The energy company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). Vestas Wind Systems A/S had a return on equity of 1.71% and a net margin of 0.32%. The firm had revenue of $3.55 billion during the quarter. As a group, equities analysts forecast that Vestas Wind Systems A/S will post 0.16 EPS for the current year.

Vestas Wind Systems A/S 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.