Cadeler A/S (NYSE:CDLR) Shares Gap Down - Here's Why

Cadeler A/S (NYSE:CDLR - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $20.78, but opened at $20.00. Cadeler A/S shares last traded at $19.85, with a volume of 4,116 shares changing hands.

Cadeler A/S Stock Performance

The company's fifty day simple moving average is $21.71 and its 200-day simple moving average is $24.55. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.49.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its position in 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 buying an additional 3,284 shares in the last quarter. Marshall Wace LLP acquired a new position in Cadeler A/S during the 4th quarter worth about $1,438,000. Brightline Capital Management LLC lifted its position in Cadeler A/S by 1.2% during the 4th quarter. Brightline Capital Management LLC now owns 659,000 shares of the company's stock worth $14,715,000 after buying an additional 8,000 shares in the last quarter. OLD Mission Capital LLC acquired a new position in Cadeler A/S during the 4th quarter valued at about $435,000. Finally, JPMorgan Chase & Co. raised its position in shares of Cadeler A/S by 3.9% in the 4th quarter. JPMorgan Chase & Co. now owns 73,958 shares of the company's stock valued at $1,651,000 after acquiring an additional 2,787 shares during the period. Institutional investors and hedge funds own 53.03% of the company's stock.

Cadeler A/S Company Profile

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.