Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Break Below 50 Day Moving Average – Time to Sell?

Vestas Wind Systems AS (OTCMKTS:VWDRY) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $10.35 and traded as low as $9.17. Vestas Wind Systems AS shares last traded at $9.26, with a volume of 255,387 shares traded.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Berenberg Bank upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Finally, Citigroup reaffirmed a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “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 0.66. The stock has a fifty day moving average price of $10.29 and a two-hundred day moving average price of $9.72. The company has a market cap of $28.13 billion, a P/E ratio of 21.64, a PEG ratio of 0.70 and a beta of 1.03.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings data on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.19 billion. Vestas Wind Systems AS had a return on equity of 29.07% and a net margin of 5.42%. On average, equities analysts forecast that Vestas Wind Systems AS will post 0.52 earnings per share for the current fiscal year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based renewable energy company that designs, manufactures, installs and services wind turbines. Its products and solutions are used in onshore and offshore wind energy projects, supported by digital monitoring, maintenance and lifecycle services intended to improve turbine performance and reliability.

The company serves utilities, independent power producers, commercial customers and other energy developers across major wind markets worldwide. Its activities cover the wind project lifecycle, including turbine supply, installation, commissioning, service agreements, spare parts and other operational support.

Vestas traces its origins to 1945, when it was established in Denmark as a manufacturer of household appliances and later agricultural machinery.