Vestas Wind Systems A/S (OTCMKTS:VWDRY) Reaches New 1-Year Low – What’s Next?

Shares of Vestas Wind Systems A/S (OTCMKTS:VWDRY) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.57 and last traded at $4.62, with a volume of 730847 shares trading hands. The stock had previously closed at $4.73.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Fearnley Fonds raised Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Citigroup raised Vestas Wind Systems A/S to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Berenberg Bank cut shares of Vestas Wind Systems A/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 14th.

Vestas Wind Systems A/S Stock Down 0.9 %

The company’s fifty day simple moving average is $6.29 and its 200 day simple moving average is $7.56. The company has a quick ratio of 0.53, a current ratio of 1.02 and a debt-to-equity ratio of 1.11.

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.