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

Cadeler A/S Sponsored ADR (NYSE:CDLR)’s share price gapped down before the market opened on Monday . The stock had previously closed at $18.53, but opened at $17.78. Cadeler A/S shares last traded at $18.2690, with a volume of 41,560 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CDLR. Weiss Ratings reissued a “hold (c)” rating on shares of Cadeler A/S in a research note on Wednesday, October 8th. Pareto Securities raised shares of Cadeler A/S to a “hold” rating in a report on Tuesday, November 18th. Finally, Wall Street Zen cut shares of Cadeler A/S from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cadeler A/S presently has a consensus rating of “Hold”.

Cadeler A/S Price Performance

The company’s 50 day simple moving average is $18.07 and its 200 day simple moving average is $19.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.07 and a quick ratio of 1.06. The stock has a market cap of $1.69 billion, a P/E ratio of 5.63 and a beta of 0.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Cadeler A/S by 17.7% in the third quarter. Bank of America Corp DE now owns 3,963 shares of the company’s stock worth $82,000 after acquiring an additional 597 shares in the last quarter. Invesco Ltd. grew its position in shares of Cadeler A/S by 87.4% in the 3rd quarter. Invesco Ltd. now owns 429,556 shares of the company’s stock valued at $8,870,000 after purchasing an additional 200,316 shares during the period. JPMorgan Chase & Co. increased its stake in Cadeler A/S by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock worth $1,498,000 after purchasing an additional 985 shares in the last quarter. Steinberganna Wealth Management acquired a new stake in Cadeler A/S during the 3rd quarter worth approximately $214,000. Finally, Raymond James Financial Inc. bought a new position in Cadeler A/S in the second quarter valued at approximately $34,000. 53.03% of the stock is currently owned by institutional investors.

Cadeler A/S Company Profile

Cadeler A/S is a Denmark-based specialist in offshore wind turbine installation and related services. The company operates a fleet of dynamically positioned (DP3) self-propelled jack-up vessels designed for the transportation, installation and commissioning of foundation structures, turbine towers, nacelles and blades. Cadeler’s capabilities encompass project planning, logistics coordination and offshore operations, enabling wind farm developers to deploy large-scale turbines in challenging marine environments.

The company’s two flagship vessels, Wind Orca and Wind Osprey, are equipped to work in water depths of up to 70 meters and to handle the installation of next-generation turbines.