Vestas Wind Systems A/S (OTCMKTS:VWDRY) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Vestas Wind Systems A/S (OTCMKTS:VWDRY) 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.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Berenberg Bank cut Vestas Wind Systems A/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 14th. Fearnley Fonds raised Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th.

Vestas Wind Systems A/S Stock Performance

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 company has a market cap of $13.66 billion, a PE ratio of 26.76 and a beta of 1.21. The firm’s 50-day simple moving average is $4.54 and its two-hundred day simple moving average is $5.82.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last announced its quarterly earnings data 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 net margin of 2.85% and a return on equity of 15.79%. As a group, research analysts anticipate that Vestas Wind Systems A/S will post 0.27 earnings per share for the current fiscal 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.