Cadeler A/S (NYSE:CDLR) Sees Unusually-High Trading Volume - Still a Buy?

Cadeler A/S (NYSE:CDLR - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 38,282 shares traded hands during trading, an increase of 44% from the previous session's volume of 26,552 shares.The stock last traded at $20.97 and had previously closed at $20.91.

Cadeler A/S Price Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.81 and a current ratio of 1.82. The business's 50 day simple moving average is $22.21 and its two-hundred day simple moving average is $24.76.

Cadeler A/S (NYSE:CDLR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Equities research analysts expect that Cadeler A/S will post 0.69 earnings per share for the current year.

Institutional Investors Weigh In On Cadeler A/S

A number of large investors have recently added to or reduced their stakes in CDLR. GAMMA Investing LLC bought a new stake in shares of Cadeler A/S during the 4th quarter valued at about $52,000. BNP Paribas Financial Markets purchased a new position in shares of Cadeler A/S in the third quarter worth approximately $248,000. Apriem Advisors grew its position in Cadeler A/S by 3.5% during the fourth quarter. Apriem Advisors now owns 15,000 shares of the company's stock valued at $335,000 after buying an additional 512 shares during the period. JPMorgan Chase & Co. increased its holdings in Cadeler A/S by 19.2% during the third quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company's stock valued at $2,006,000 after buying an additional 11,483 shares during the last quarter. Finally, Yaupon Capital Management LP raised its position in Cadeler A/S by 61.0% in the third quarter. Yaupon Capital Management LP now owns 114,641 shares of the company's stock worth $3,231,000 after acquiring an additional 43,435 shares during the period. Institutional investors own 53.03% of the company's stock.

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.