Cadeler A/S (NYSE:CDLR) Hits New 12-Month Low – Time to Sell?

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

Cadeler A/S Price Performance

The company has a market capitalization of $1.60 billion, a PE ratio of 22.29 and a beta of 0.59. 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 stock has a 50 day moving average price of $19.60 and a two-hundred day moving average price of $22.80.

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

Hedge Funds Weigh In On Cadeler A/S

Several hedge funds have recently bought and sold shares of CDLR. GAMMA Investing LLC boosted its stake in shares of Cadeler A/S by 288.5% during the 1st quarter. GAMMA Investing LLC now owns 9,024 shares of the company’s stock worth $177,000 after acquiring an additional 6,701 shares in the last quarter. Bank of America Corp DE boosted its position in Cadeler A/S by 866.6% during the fourth quarter. Bank of America Corp DE now owns 54,119 shares of the company’s stock worth $1,208,000 after purchasing an additional 48,520 shares during the period. AYAL Capital Advisors Ltd grew its holdings in Cadeler A/S by 9.9% during the fourth quarter. AYAL Capital Advisors Ltd now owns 110,455 shares of the company’s stock valued at $2,466,000 after purchasing an additional 9,989 shares during the last quarter. Stifel Financial Corp raised its position in shares of Cadeler A/S by 27.7% in 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 during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Cadeler A/S in the fourth quarter worth $1,438,000. 53.03% of the stock is owned by institutional investors and hedge funds.

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.