Vestas Wind Systems A/S (OTCMKTS:VWDRY) Upgraded by Nordea Equity Research to Buy

Nordea Equity Research upgraded shares of Vestas Wind Systems A/S (OTCMKTS:VWDRY) from a hold rating to a buy rating in a research note published on Tuesday morning, FlyOnTheWall reports.

Vestas Wind Systems A/S Price Performance

Shares of VWDRY stock opened at $8.21 on Tuesday. Vestas Wind Systems A/S has a 12-month low of $5.69 and a 12-month high of $10.47. The business has a 50 day simple moving average of $8.62 and a 200 day simple moving average of $9.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.06 and a quick ratio of 0.51.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last issued its quarterly earnings results on Wednesday, August 9th. The energy company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $3.73 billion for the quarter. Vestas Wind Systems A/S had a negative net margin of 5.19% and a negative return on equity of 23.76%. Sell-side analysts anticipate that Vestas Wind Systems A/S will post 0.03 earnings per share 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, the United Kingdom, Denmark, and internationally. The company operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.