Cadeler A/S (NYSE:CDLR) Shares Gap Down – Here’s What Happened

Cadeler A/S (NYSE:CDLR) shares gapped down prior to trading on Monday . The stock had previously closed at $20.45, but opened at $19.25. Cadeler A/S shares last traded at $19.20, with a volume of 21,561 shares trading hands.

Cadeler A/S Price Performance

The stock has a 50-day simple moving average of $19.69 and a 200 day simple moving average of $23.01. The stock has a market capitalization of $1.76 billion, a P/E ratio of 24.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.81 and a current ratio of 1.82.

Cadeler A/S (NYSE:CDLR) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.13. The company had revenue of $88.65 million during the quarter, compared to the consensus estimate of $82.84 million. On average, equities analysts forecast that Cadeler A/S will post 0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cadeler A/S

Several institutional investors have recently added to or reduced their stakes in the stock. TT International Asset Management LTD lifted its holdings 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 valued at $6,937,000 after purchasing an additional 102,712 shares in the last quarter. GAMMA Investing LLC bought a new stake in Cadeler A/S in the 4th quarter valued at approximately $52,000. SG Americas Securities LLC acquired a new position in Cadeler A/S during the 4th quarter worth approximately $2,603,000. BNP Paribas Financial Markets bought a new position in shares of Cadeler A/S during the 3rd quarter worth approximately $248,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Cadeler A/S by 19.2% in the third quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock valued at $2,006,000 after purchasing an additional 11,483 shares during the last quarter. 53.03% of the stock is owned by institutional investors.

Cadeler A/S Company Profile

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.