Vestas Wind System (OTCMKTS:VWDRY) Raised to Hold at HSBC

Vestas Wind System (OTCMKTS:VWDRY) was upgraded by equities research analysts at HSBC from a “reduce” rating to a “hold” rating in a research note issued on Wednesday, February 21st, Marketbeat reports.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine cut shares of Vestas Wind System from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. reissued a “buy” rating on shares of Vestas Wind System in a report on Wednesday, January 10th. Finally, Citigroup reissued a “buy” rating on shares of Vestas Wind System in a report on Thursday, December 7th.

Vestas Wind System (OTCMKTS:VWDRY) traded down $0.44 during trading hours on Wednesday, hitting $23.80. 12,955 shares of the company were exchanged, compared to its average volume of 81,074. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.24 and a quick ratio of 0.75. Vestas Wind System has a 52 week low of $19.12 and a 52 week high of $32.94. The company has a market cap of $15,336.24, a PE ratio of 14.78 and a beta of 1.08.

Vestas Wind System (OTCMKTS:VWDRY) last issued its earnings results on Wednesday, February 7th. The energy company reported $0.55 earnings per share (EPS) for the quarter. Vestas Wind System had a net margin of 9.00% and a return on equity of 28.59%. The business had revenue of $3.67 billion for the quarter.

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Vestas Wind System Company Profile

Vestas Wind Systems A/S develops, manufactures, sells, and services wind turbines worldwide. The company operates in two segments, Project and Service. The Project segment sells wind power plants, wind turbines, etc. The Service segment engages in the sale of service contracts, spare parts, and related activities.

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