Cadeler A/S (NYSE:CDLR) Reaches New 1-Year Low – Time to Sell?

Shares of Cadeler A/S Sponsored ADR (NYSE:CDLR) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $6.70 and last traded at $7.2450, with a volume of 20,907 shares trading hands. The stock had previously closed at $25.84.

Wall Street Analyst Weigh In

CDLR has been the subject of several recent analyst reports. Weiss Ratings raised shares of Cadeler A/S from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Wall Street Zen raised Cadeler A/S from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Cadeler A/S presently has a consensus rating of “Hold”.

Cadeler A/S Price Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.62 and a quick ratio of 1.61. The firm has a market cap of $636.48 million, a PE ratio of 2.63 and a beta of 0.54. The firm has a 50-day simple moving average of $23.46 and a 200 day simple moving average of $24.17.

Cadeler A/S (NYSE:CDLR) last announced its earnings results on Tuesday, August 25th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.21. The business had revenue of $322.76 million during the quarter, compared to the consensus estimate of $280.45 million. Cadeler A/S had a net margin of 27.45% and a return on equity of 12.58%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. purchased a new position in Cadeler A/S in the 1st quarter worth about $243,000. Cetera Investment Advisers boosted its holdings in shares of Cadeler A/S by 25.4% during the 1st quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock valued at $782,000 after acquiring an additional 6,741 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Cadeler A/S in the first quarter worth approximately $271,000. Finally, GAMMA Investing LLC grew its stake in shares of Cadeler A/S by 157.2% in the third quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock worth $38,000 after acquiring an additional 1,064 shares during the period. Hedge funds and other institutional investors own 53.03% of the company’s stock.

About Cadeler A/S

Cadeler A/S is a Denmark-based provider of offshore wind installation and marine support services. The company owns and operates specialized jack-up vessels designed to transport, install and service offshore wind turbines and their foundations.

Its fleet supports major offshore wind projects throughout Europe and other international markets, including the United States and Asia-Pacific. Cadeler provides vessel chartering, project execution and offshore logistics services for wind farm developers, turbine manufacturers and engineering contractors.

The company was established in 2012 as Swire Blue Ocean and later adopted the Cadeler name.