Cadeler A/S (NYSE:CDLR) Sees Unusually-High Trading Volume – Here’s What Happened

Cadeler A/S Sponsored ADR (NYSE:CDLR) shares saw strong trading volume on Friday . 123,159 shares traded hands during mid-day trading, an increase of 85% from the previous session’s volume of 66,556 shares.The stock last traded at $15.4110 and had previously closed at $16.01.

Wall Street Analyst Weigh In

CDLR has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Cadeler A/S in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Cadeler A/S from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Pareto Securities upgraded shares of Cadeler A/S to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Cadeler A/S Stock Performance

The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average is $19.53 and its 200 day moving average is $20.32. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 5.27 and a beta of 0.23.

Cadeler A/S (NYSE:CDLR) last released its quarterly earnings results on Tuesday, August 26th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $0.61 by $1.51. The company had revenue of $136.09 million during the quarter, compared to the consensus estimate of $128.33 million. Cadeler A/S had a return on equity of 19.18% and a net margin of 50.69%. On average, analysts predict that Cadeler A/S Sponsored ADR will post 0.69 earnings per share for the current year.

Institutional Investors Weigh In On Cadeler A/S

Several institutional investors have recently bought and sold shares of CDLR. Raymond James Financial Inc. purchased a new stake in shares of Cadeler A/S during the 2nd quarter valued at about $34,000. Rhumbline Advisers boosted its stake 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 valued at $43,000 after purchasing an additional 675 shares during the period. Bank of America Corp DE boosted its stake in shares of Cadeler A/S by 10,418.8% in the second quarter. Bank of America Corp DE now owns 3,366 shares of the company’s stock valued at $67,000 after purchasing an additional 3,334 shares during the period. Steinberganna Wealth Management acquired a new stake in Cadeler A/S during the 3rd quarter valued at $214,000. Finally, Cetera Investment Advisers purchased a new stake in Cadeler A/S during the 2nd quarter worth $375,000. 53.03% of the stock is currently owned by hedge funds and other institutional investors.

About Cadeler A/S

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.