Vestas Wind Systems A/S (OTCMKTS:VWDRY) Share Price Passes Below 50 Day Moving Average – What’s Next?

Vestas Wind Systems A/S (OTCMKTS:VWDRY)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.54 and traded as low as $4.50. Vestas Wind Systems A/S shares last traded at $4.51, with a volume of 236,558 shares.

Wall Street Analyst Weigh In

VWDRY has been the topic of a number of analyst reports. Berenberg Bank cut Vestas Wind Systems A/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 14th. Fearnley Fonds upgraded Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

Vestas Wind Systems A/S Trading Down 0.9 %

The business has a 50 day moving average of $4.55 and a two-hundred day moving average of $5.78. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 0.87. The firm has a market cap of $13.66 billion, a P/E ratio of 26.53 and a beta of 1.21.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last posted its quarterly earnings results on Wednesday, February 5th. The energy company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Vestas Wind Systems A/S had a return on equity of 15.79% and a net margin of 2.85%. Analysts predict that Vestas Wind Systems A/S will post 0.27 earnings per share for the current year.

About Vestas Wind Systems A/S

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.