Vestas Wind Systems AS (OTCMKTS:VWDRY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Vestas Wind Systems AS (OTCMKTS:VWDRY) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $10.00 and traded as low as $9.76. Vestas Wind Systems AS shares last traded at $9.87, with a volume of 216,202 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Berenberg Bank raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Citigroup reaffirmed a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Vestas Wind Systems AS Trading Down 5.1%

The company has a market cap of $29.48 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 0.78 and a beta of 1.03. The company has a quick ratio of 0.66, a current ratio of 1.03 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $10.00 and its two-hundred day simple moving average is $9.48.

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

About Vestas Wind Systems AS

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.