Cadeler A/S (NYSE:CDLR) Reaches New 12-Month Low - Here's Why

Shares of Cadeler A/S (NYSE:CDLR - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $17.37 and last traded at $18.22, with a volume of 41526 shares traded. The stock had previously closed at $18.25.

Cadeler A/S Price Performance

The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 24.31 and a beta of 0.59. The company has a fifty day simple moving average of $19.37 and a two-hundred day simple moving average of $22.51. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.13. The business had revenue of $88.65 million during the quarter, compared to analyst estimates of $82.84 million. As a group, research analysts anticipate that Cadeler A/S will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On Cadeler A/S

A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its holdings in shares of Cadeler A/S by 45.2% during the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company's stock worth $43,000 after buying an additional 675 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Cadeler A/S during the fourth quarter worth about $52,000. BNP Paribas Financial Markets purchased a new position in shares of Cadeler A/S in the 3rd quarter worth about $248,000. Apriem Advisors lifted its stake in shares of Cadeler A/S by 3.5% in the 4th quarter. Apriem Advisors now owns 15,000 shares of the company's stock valued at $335,000 after purchasing an additional 512 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Cadeler A/S by 27.7% during the 4th quarter. Stifel Financial Corp now owns 15,130 shares of the company's stock worth $338,000 after purchasing an additional 3,284 shares during the period. Hedge funds and other 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.