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

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.

VWDRY has been the subject of several other research reports. 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 shares of Vestas Wind Systems A/S to a “strong-buy” rating in a report on Wednesday, October 2nd.

Vestas Wind Systems A/S Price Performance

OTCMKTS:VWDRY traded up $0.17 during trading hours on Thursday, hitting $4.86. The company’s stock had a trading volume of 819,435 shares, compared to its average volume of 602,202. Vestas Wind Systems A/S has a twelve month low of $4.61 and a twelve month high of $10.62. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.53 and a current ratio of 1.02. The stock has a fifty day simple moving average of $6.58 and a 200-day simple moving average of $7.70.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last announced its quarterly earnings results on Wednesday, August 14th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company 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%. As a group, equities analysts anticipate that Vestas Wind Systems A/S will post 0.16 EPS for the current 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.