Cadeler A/S (NYSE:CDLR) Shares Gap Down - Time to Sell?

Cadeler A/S (NYSE:CDLR - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $20.45, but opened at $19.25. Cadeler A/S shares last traded at $19.20, with a volume of 21,561 shares.

Cadeler A/S Price Performance

The firm has a market capitalization of $1.60 billion, a P/E ratio of 22.28 and a beta of 0.59. The firm has a 50-day moving average of $19.68 and a 200-day moving average of $22.97. 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 earnings results on Tuesday, March 25th. The company reported $0.47 earnings per share 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 analysts' expectations of $82.84 million. As a group, analysts predict that Cadeler A/S will post 0.69 EPS for the current year.

Hedge Funds Weigh In On Cadeler A/S

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in Cadeler A/S in the fourth quarter worth about $52,000. BNP Paribas Financial Markets bought a new stake in shares of Cadeler A/S during the 3rd quarter valued at $248,000. Apriem Advisors increased 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 worth $335,000 after purchasing an additional 512 shares in the last quarter. Stifel Financial Corp lifted its position in Cadeler A/S by 27.7% during the fourth quarter. Stifel Financial Corp now owns 15,130 shares of the company's stock valued at $338,000 after purchasing an additional 3,284 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in Cadeler A/S in the fourth quarter worth about $435,000. 53.03% of the stock is currently owned by hedge funds and other institutional investors.

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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.