Cadeler A/S (NYSE:CDLR) Shares Gap Up – Time to Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $6.58, but opened at $6.85. Cadeler A/S shares last traded at $6.73, with a volume of 59,001 shares traded.

Analyst Ratings Changes

A number of research firms have recently weighed in on CDLR. Wall Street Zen raised Cadeler A/S from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings upgraded Cadeler A/S from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Cadeler A/S Price Performance

The stock’s 50 day moving average is $22.37 and its two-hundred day moving average is $23.95. The stock has a market capitalization of $673.16 million, a PE ratio of 2.78 and a beta of 0.54. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.62 and a quick ratio of 1.61.

Cadeler A/S (NYSE:CDLR) last announced its quarterly earnings data 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. Cadeler A/S had a net margin of 27.45% and a return on equity of 12.58%. The business had revenue of $322.76 million for the quarter, compared to analyst estimates of $280.45 million.

Institutional Investors Weigh In On Cadeler A/S

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Cadeler A/S by 157.2% during the third quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock worth $38,000 after purchasing an additional 1,064 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Cadeler A/S by 40.1% in the 2nd quarter. QRG Capital Management Inc. now owns 14,438 shares of the company’s stock valued at $316,000 after purchasing an additional 4,129 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Cadeler A/S in the 1st quarter valued at about $271,000. Finally, Cetera Investment Advisers boosted its position in shares of Cadeler A/S by 25.4% in the 1st quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock valued at $782,000 after purchasing an additional 6,741 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 offshore wind services company that provides vessel and installation services for offshore wind farms. Its work includes transporting and installing wind turbines and their foundations, supporting the construction and maintenance of offshore wind projects. The company operates specialized offshore vessels designed for the demanding conditions of wind farm installation. Cadeler serves project developers and other customers across international markets, including Europe and other regions with offshore wind activity.