Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Vestas Wind Systems AS (OTCMKTS:VWDRY) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.72 and traded as low as $8.66. Vestas Wind Systems AS shares last traded at $8.74, with a volume of 156,535 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VWDRY shares. Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Rothschild & Co Redburn raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.67. The stock has a 50-day simple moving average of $9.72 and a 200-day simple moving average of $9.14. The stock has a market cap of $26.10 billion, a P/E ratio of 26.49, a PEG ratio of 1.28 and a beta of 0.97.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%. Research analysts forecast that Vestas Wind Systems AS will post 0.44 earnings per share for the current year.

Vestas Wind Systems AS Company Profile

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.