Vestas Wind Systems A/S (OTCMKTS:VWDRY) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Vestas Wind Systems A/S (OTCMKTS:VWDRY) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.27 and traded as low as $6.23. Vestas Wind Systems A/S shares last traded at $6.25, with a volume of 555,144 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Vestas Wind Systems A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Vestas Wind Systems A/S Stock Up 2.6 %

The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 0.53. The business’s 50-day simple moving average is $7.27 and its 200 day simple moving average is $8.05.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last issued its quarterly earnings data on Wednesday, August 14th. The energy company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The firm had revenue of $3.55 billion during the quarter. Vestas Wind Systems A/S had a negative return on equity of 1.60% and a negative net margin of 0.32%. On average, sell-side analysts forecast that Vestas Wind Systems A/S will post 0.17 earnings per share for the current year.

Vestas Wind Systems A/S Company Profile

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.