Cadeler A/S (OTCMKTS:CADLF – Get Free Report) traded down 4.8% during mid-day trading on Thursday. The company traded as low as $5.90 and last traded at $5.90. Approximately 3,388 shares were traded during trading, an increase of 323% from the average session volume of 800 shares. The stock had previously closed at $6.20.
Cadeler A/S Stock Down 4.8%
The company’s 50 day moving average price is $6.11 and its 200 day moving average price is $6.09.
Cadeler A/S Company Profile
Cadeler A/S (OTCMKTS: CADLF) is a Denmark-based maritime service provider specializing in offshore wind turbine installation. The company owns and operates purpose-built wind turbine installation vessels, which were converted from former offshore drilling rigs. These vessels are equipped with heavy-lift cranes, dynamic positioning systems and jack-up capabilities, allowing Cadeler to install foundations, towers, monopiles, jackets and complete turbine assemblies in a wide range of water depths and weather conditions.
Founded in 2019 as a carve-out from Seadrill’s wind-turbine installation business, Cadeler has built on nearly a decade of offshore wind experience.
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