Vestas Wind Systems A/S (OTCMKTS:VWDRY) Shares Pass Below 50 Day Moving Average – Here’s Why

Vestas Wind Systems A/S (OTCMKTS:VWDRY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.68 and traded as low as $6.75. Vestas Wind Systems A/S shares last traded at $6.78, with a volume of 179,892 shares.

Vestas Wind Systems A/S Stock Performance

The firm has a market cap of $20.54 billion, a price-to-earnings ratio of -678.00 and a beta of 1.27. The company has a current ratio of 1.02, a quick ratio of 0.53 and a debt-to-equity ratio of 1.11. The stock’s 50 day moving average is $7.68 and its 200 day moving average is $8.33.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last issued its quarterly earnings data on Wednesday, August 14th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Vestas Wind Systems A/S had a negative return on equity of 1.60% and a negative net margin of 0.32%. The firm had revenue of $3.55 billion for the quarter. Analysts anticipate that Vestas Wind Systems A/S will post 0.18 earnings per share for the current 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.