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

Cadeler A/S (NYSE:CDLR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $20.92, but opened at $20.29. Cadeler A/S shares last traded at $20.11, with a volume of 8,992 shares.

Cadeler A/S Stock Down 1.1 %

The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.49. The company has a 50 day simple moving average of $23.33 and a 200 day simple moving average of $25.28.

Institutional Investors Weigh In On Cadeler A/S

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in Cadeler A/S in the fourth quarter valued at approximately $52,000. BNP Paribas Financial Markets acquired a new stake in shares of Cadeler A/S in the third quarter valued at $248,000. Price Jennifer C. purchased a new position in shares of Cadeler A/S during the second quarter worth about $1,955,000. JPMorgan Chase & Co. grew its holdings in shares of Cadeler A/S by 19.2% during the third quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock worth $2,006,000 after purchasing an additional 11,483 shares during the last quarter. Finally, Yaupon Capital Management LP grew its holdings in shares of Cadeler A/S by 61.0% during the third quarter. Yaupon Capital Management LP now owns 114,641 shares of the company’s stock worth $3,231,000 after purchasing an additional 43,435 shares during the last quarter. 53.03% of the stock is currently owned by hedge funds and other 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.