Vestas Wind Systems AS (OTCMKTS:VWDRY) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.07 and traded as low as $8.12. Vestas Wind Systems AS shares last traded at $8.21, with a volume of 159,407 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VWDRY shares. Berenberg Bank downgraded shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Barclays reaffirmed an “underweight” rating on shares of Vestas Wind Systems AS in a research report on Wednesday, December 3rd. DZ Bank upgraded Vestas Wind Systems AS to a “strong-buy” rating in a report on Sunday, December 21st. Finally, Kepler Capital Markets cut Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Vestas Wind Systems AS currently has an average rating of “Hold”.

Vestas Wind Systems AS Stock Down 1.6%

The company’s fifty day simple moving average is $9.07 and its 200-day simple moving average is $7.86. The firm has a market capitalization of $24.88 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.00 and a quick ratio of 0.66.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its quarterly earnings data on Thursday, February 5th. The energy company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Vestas Wind Systems AS had a return on equity of 23.30% and a net margin of 4.22%.The firm had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $6.41 billion. On average, analysts forecast that Vestas Wind Systems AS will post 0.27 EPS for the current year.

About Vestas Wind Systems AS

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.