Vestas Wind Systems A/S (OTCMKTS:VWDRY) Hits New 12-Month Low – Time to Sell?

Shares of Vestas Wind Systems A/S (OTCMKTS:VWDRY) reached a new 52-week low during trading on Tuesday . The company traded as low as $5.74 and last traded at $5.81, with a volume of 530900 shares trading hands. The stock had previously closed at $6.51.

Analysts Set New Price Targets

Separately, Citigroup raised Vestas Wind Systems A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Vestas Wind Systems A/S Stock Up 2.2 %

The firm has a 50 day moving average price of $6.95 and a two-hundred day moving average price of $7.88. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.53 and a current ratio of 1.02.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last released its earnings results on Wednesday, August 14th. The energy company reported ($0.06) earnings per share 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 during the quarter. On average, equities analysts forecast that Vestas Wind Systems A/S will post 0.17 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.