Cadeler A/S (NYSE:CDLR) Shares Gap Down – Time to Sell?

Cadeler A/S (NYSE:CDLR)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $20.78, but opened at $20.00. Cadeler A/S shares last traded at $19.85, with a volume of 4,116 shares traded.

Cadeler A/S Price Performance

The business’s fifty day moving average price is $22.03 and its 200 day moving average price is $24.67. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.49.

Cadeler A/S (NYSE:CDLR) last posted its earnings results on Tuesday, November 26th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. As a group, analysts anticipate that Cadeler A/S will post 0.69 EPS for the current year.

Institutional Investors Weigh In On Cadeler A/S

Large investors have recently added to or reduced their stakes in the business. Apriem Advisors increased its position in Cadeler A/S by 3.5% in the 4th quarter. Apriem Advisors now owns 15,000 shares of the company’s stock valued at $335,000 after buying an additional 512 shares in the last quarter. GAMMA Investing LLC acquired a new position in Cadeler A/S during the fourth quarter worth $52,000. Franklin Resources Inc. lifted its stake in shares of Cadeler A/S by 1.9% in the third quarter. Franklin Resources Inc. now owns 219,296 shares of the company’s stock valued at $6,199,000 after buying an additional 4,000 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Cadeler A/S during the third quarter valued at about $248,000. Finally, JPMorgan Chase & Co. increased its position in shares of Cadeler A/S by 19.2% during the third quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock worth $2,006,000 after acquiring an additional 11,483 shares in the last quarter. Institutional investors and hedge funds own 53.03% of the company’s stock.

Cadeler A/S Company Profile

Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm construction, maintenance, decommissioning, and other tasks within the offshore industry, as well as marine and engineering services. The company owns and operates four offshore jack-up windfarm installation vessels.