Cadeler A/S (NYSE:CDLR) Shares Gap Down – Should You Sell?

Cadeler A/S (NYSE:CDLR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $20.78, but opened at $20.25. Cadeler A/S shares last traded at $20.24, with a volume of 9,045 shares changing hands.

Cadeler A/S Trading Up 1.2 %

The company has a 50 day simple moving average of $22.84 and a 200-day simple moving average of $25.08. 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 announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Equities analysts predict that Cadeler A/S will post 0.64 earnings per share for the current year.

Institutional Trading of Cadeler A/S

A number of institutional investors have recently added to or reduced their stakes in the stock. Price Jennifer C. purchased a new position in shares of Cadeler A/S in the 2nd quarter valued at approximately $1,955,000. TT International Asset Management LTD raised its stake in shares of Cadeler A/S by 71.6% in the third quarter. TT International Asset Management LTD now owns 246,173 shares of the company’s stock worth $6,937,000 after purchasing an additional 102,712 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Cadeler A/S during the fourth quarter valued at $52,000. Encompass Capital Advisors LLC increased its position in Cadeler A/S by 1.2% during the second quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock valued at $25,413,000 after acquiring an additional 11,638 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Cadeler A/S during the third quarter valued at $248,000. Hedge funds and other institutional investors own 53.03% of the company’s stock.

About Cadeler A/S

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.