Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) saw strong trading volume on Friday. Approximately 577,396 shares changed hands during mid-day trading, an increase of 141% from the average daily volume of 239,536 shares. The stock last traded at $9.54 and had previously closed at $9.74.

Analysts Set New Price Targets

Several analysts have issued reports on VWDRY shares. Berenberg Bank upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Citigroup reiterated a “buy” rating on shares of Vestas Wind Systems AS in a research note on Thursday, August 13th. Finally, Deutsche Bank reissued a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Four analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Vestas Wind Systems AS Stock Down 1.8%

The stock has a fifty day moving average price of $9.92 and a 200 day moving average price of $9.47. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.66. The stock has a market capitalization of $28.55 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 0.73 and a beta of 1.03.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its quarterly earnings results on Wednesday, November 11th. The energy company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.80 billion. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 28.67%. On average, research analysts forecast that Vestas Wind Systems AS will post 0.52 earnings per share for the current year.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S is a Denmark-based company that designs, manufactures, installs and services wind turbines. Its products and solutions support both onshore and offshore wind energy projects. Founded in 1945, Vestas initially operated in other manufacturing businesses before focusing on wind energy. The company serves customers in markets around the world and provides services intended to support turbine performance throughout a project’s operating life.