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

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $28.76, but opened at $26.99. Cadeler A/S shares last traded at $26.10, with a volume of 27,538 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CDLR. Weiss Ratings upgraded 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 upgraded Cadeler A/S from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Three analysts have rated the stock with a Hold rating. According to MarketBeat.com, Cadeler A/S currently has a consensus rating of “Hold”.

Cadeler A/S Trading Down 6.9%

The company’s fifty day moving average price is $24.17 and its two-hundred day moving average price is $24.28. The company has a quick ratio of 1.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.83. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 10.20 and a beta of 0.75.

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

Institutional Investors Weigh In On Cadeler A/S

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Cadeler A/S by 157.2% in the third quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock valued at $38,000 after buying an additional 1,064 shares during the period. QRG Capital Management Inc. boosted its holdings in Cadeler A/S by 40.1% during the second quarter. QRG Capital Management Inc. now owns 14,438 shares of the company’s stock worth $316,000 after buying an additional 4,129 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Cadeler A/S by 25.4% during the first quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock worth $782,000 after buying an additional 6,741 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Cadeler A/S during the 1st quarter worth about $271,000. Institutional investors own 53.03% of the company’s stock.

Cadeler A/S Company Profile

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.