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

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) saw an uptick in trading volume on Friday . 588,361 shares were traded during mid-day trading, an increase of 134% from the previous session’s volume of 251,191 shares.The stock last traded at $10.9270 and had previously closed at $10.97.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VWDRY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Kepler Capital Markets upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Finally, Citigroup reissued a “buy” rating on shares of Vestas Wind Systems AS in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Vestas Wind Systems AS presently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Performance

The stock has a fifty day simple moving average of $9.20 and a two-hundred day simple moving average of $9.19. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 1.03. The stock has a market capitalization of $32.60 billion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 0.79 and a beta of 0.97.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its quarterly earnings data on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Vestas Wind Systems AS had a return on equity of 29.50% and a net margin of 5.42%.The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.19 billion. Analysts forecast that Vestas Wind Systems AS will post 0.54 earnings per share 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.