Vestas Wind Systems A/S (OTCMKTS:VWDRY) Sets New 52-Week Low – Here’s What Happened

Vestas Wind Systems A/S (OTCMKTS:VWDRY) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.36 and last traded at $6.40, with a volume of 484897 shares traded. The stock had previously closed at $6.58.

Analyst Upgrades and Downgrades

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

Vestas Wind Systems A/S Stock Down 2.7 %

The company has a market cap of $19.39 billion, a price-to-earnings ratio of -658.00 and a beta of 1.26. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.53 and a current ratio of 1.02. The business has a 50-day simple moving average of $7.53 and a 200-day simple moving average of $8.20.

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

About Vestas Wind Systems A/S

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.