Vestas Wind Systems A/S (OTCMKTS:VWDRY) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Vestas Wind Systems A/S (OTCMKTS:VWDRY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.62 and traded as low as $4.32. Vestas Wind Systems A/S shares last traded at $4.35, with a volume of 279,447 shares trading hands.

Analysts Set New Price Targets

VWDRY has been the subject of several recent research reports. Citigroup raised Vestas Wind Systems A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd. 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. Finally, Berenberg Bank cut Vestas Wind Systems A/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Vestas Wind Systems A/S Stock Down 0.2 %

The company has a market cap of $13.18 billion, a price-to-earnings ratio of 435.00 and a beta of 1.21. The stock’s 50-day moving average is $4.62 and its 200-day moving average is $6.34. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 1.08.

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.