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 - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.57 and traded as low as $4.46. Vestas Wind Systems A/S shares last traded at $4.50, with a volume of 262,832 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VWDRY. Berenberg Bank downgraded Vestas Wind Systems A/S from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 14th. Fearnley Fonds upgraded Vestas Wind Systems A/S from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th.

Vestas Wind Systems A/S Trading Up 3.1 %

The stock has a market cap of $15.48 billion, a PE ratio of 30.06 and a beta of 1.21. The company's fifty day moving average is $4.59 and its 200-day moving average is $5.60. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.04 and a quick ratio of 0.54.

Vestas Wind Systems A/S (OTCMKTS:VWDRY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The energy company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. Vestas Wind Systems A/S had a return on equity of 15.79% and a net margin of 2.85%. On average, analysts predict that Vestas Wind Systems A/S will post 0.27 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.