Cadeler A/S (NYSE:CDLR) Stock Price Down 8% – Should You Sell?

Cadeler A/S Sponsored ADR (NYSE:CDLR) fell 8% during mid-day trading on Tuesday . The stock traded as low as $25.60 and last traded at $26.2550. 152,004 shares changed hands during trading, an increase of 46% from the average session volume of 104,157 shares. The stock had previously closed at $28.54.

Wall Street Analyst Weigh In

CDLR has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadeler A/S in a research report on Wednesday, January 21st. Fearnley Fonds upgraded shares of Cadeler A/S to a “hold” rating in a research report on Monday, March 23rd. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Cadeler A/S Trading Down 2.3%

The stock’s 50-day simple moving average is $25.69 and its two-hundred day simple moving average is $22.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.10. The firm has a market capitalization of $2.33 billion, a P/E ratio of 7.37 and a beta of 0.68.

Cadeler A/S (NYSE:CDLR) last issued its earnings results on Wednesday, May 20th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). Cadeler A/S had a return on equity of 20.60% and a net margin of 45.35%.The company had revenue of $144.38 million for the quarter, compared to the consensus estimate of $145.25 million.

Hedge Funds Weigh In On Cadeler A/S

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its position in shares of Cadeler A/S by 45.2% in the first quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock worth $43,000 after buying an additional 675 shares in the last quarter. Cetera Investment Advisers purchased a new position in Cadeler A/S during the 2nd quarter valued at approximately $375,000. Invesco Ltd. bought a new stake in Cadeler A/S in the 2nd quarter worth approximately $4,555,000. Marshall Wace LLP increased its stake in Cadeler A/S by 30.7% in the 2nd quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock worth $1,698,000 after acquiring an additional 20,079 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Cadeler A/S in the 2nd quarter worth approximately $34,000. Institutional investors own 53.03% of the company’s stock.

About Cadeler A/S

Cadeler A/S is a Denmark-based specialist in offshore wind turbine installation and related services. The company operates a fleet of dynamically positioned (DP3) self-propelled jack-up vessels designed for the transportation, installation and commissioning of foundation structures, turbine towers, nacelles and blades. Cadeler’s capabilities encompass project planning, logistics coordination and offshore operations, enabling wind farm developers to deploy large-scale turbines in challenging marine environments.

The company’s two flagship vessels, Wind Orca and Wind Osprey, are equipped to work in water depths of up to 70 meters and to handle the installation of next-generation turbines.