Vestas Wind Systems A/S (OTCMKTS:VWDRY) Cut to “Hold” at Berenberg Bank

Berenberg Bank lowered shares of Vestas Wind Systems A/S (OTCMKTS:VWDRY) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on VWDRY. Fearnley Fonds upgraded shares of Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. 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 Performance

Shares of VWDRY stock opened at $4.86 on Thursday. The firm has a 50 day moving average of $6.58 and a two-hundred day moving average of $7.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 0.53. Vestas Wind Systems A/S has a 52 week low of $4.61 and a 52 week high of $10.62.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last posted its quarterly earnings results 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 for the quarter. Vestas Wind Systems A/S had a return on equity of 1.71% and a net margin of 0.32%. On average, equities analysts predict that Vestas Wind Systems A/S will post 0.16 earnings per share for the current fiscal 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.