Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Large Volume Increase – Time to Buy?

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) saw unusually-high trading volume on Monday . Approximately 639,467 shares changed hands during mid-day trading, an increase of 170% from the previous session’s volume of 236,494 shares.The stock last traded at $9.37 and had previously closed at $9.32.

Analysts Set New Price Targets

VWDRY has been the topic of a number of analyst reports. Rothschild & Co Redburn upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Kepler Capital Markets downgraded shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Vestas Wind Systems AS Price Performance

The firm has a market cap of $27.48 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 1.42 and a beta of 0.97. The business’s 50-day simple moving average is $9.74 and its two-hundred day simple moving average is $9.07. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released its earnings results on Wednesday, May 6th. The energy company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.48 billion. Vestas Wind Systems AS had a net margin of 4.44% and a return on equity of 24.02%. As a group, research analysts expect that Vestas Wind Systems AS will post 0.44 EPS for the current fiscal 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.