Cadeler A/S (NYSE:CDLR) Sets New 52-Week Low – Here’s Why

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

Cadeler A/S Stock Up 0.1 %

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 company has a market cap of $1.60 billion, a P/E ratio of 22.29 and a beta of 0.59. The stock has a 50 day moving average price of $19.60 and a 200 day moving average price of $22.80.

Cadeler A/S (NYSE:CDLR) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.34 by $0.13. The business had revenue of $88.65 million during the quarter, compared to the consensus estimate of $82.84 million. Research analysts expect that Cadeler A/S will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of Cadeler A/S

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in shares of Cadeler A/S during the 4th quarter worth $52,000. BNP Paribas Financial Markets acquired a new position in shares of Cadeler A/S in the 3rd quarter valued at $248,000. Apriem Advisors raised its holdings in Cadeler A/S by 3.5% during the 4th quarter. Apriem Advisors now owns 15,000 shares of the company’s stock worth $335,000 after buying an additional 512 shares during the period. Stifel Financial Corp lifted its stake 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 buying an additional 3,284 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new position in shares of Cadeler A/S in the fourth quarter worth about $435,000. 53.03% of the stock is currently owned by institutional investors.

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.