Vestas Wind Systems A/S (OTCMKTS:VWDRY) Sets New 52-Week Low – Here’s Why

Vestas Wind Systems A/S (OTCMKTS:VWDRY)’s share price hit a new 52-week low on Thursday . The stock traded as low as $4.43 and last traded at $4.43, with a volume of 570966 shares trading hands. The stock had previously closed at $4.60.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Citigroup raised Vestas Wind Systems A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd. Berenberg Bank lowered shares of Vestas Wind Systems A/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Fearnley Fonds upgraded shares of Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th.

Vestas Wind Systems A/S Price Performance

The firm has a 50 day moving average price of $5.45 and a two-hundred day moving average price of $7.09. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.54 and a current ratio of 1.02.

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.