Cadeler A/S (NYSE:CDLR) Shares Gap Up – Time to Buy?

Cadeler A/S (NYSE:CDLR)’s share price gapped up prior to trading on Friday . The stock had previously closed at $17.44, but opened at $18.30. Cadeler A/S shares last traded at $18.39, with a volume of 5,883 shares traded.

Cadeler A/S Stock Up 8.3 %

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 firm has a 50 day simple moving average of $20.83 and a 200-day simple moving average of $24.10.

Cadeler A/S (NYSE:CDLR) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. As a group, equities research analysts anticipate that Cadeler A/S will post 0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CDLR. GAMMA Investing LLC acquired a new position in shares of Cadeler A/S in the 4th quarter worth approximately $52,000. BNP Paribas Financial Markets purchased a new stake in Cadeler A/S in the third quarter valued at approximately $248,000. Apriem Advisors lifted its stake in Cadeler A/S by 3.5% during the fourth 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 boosted its position in shares of Cadeler A/S by 27.7% during the fourth quarter. Stifel Financial Corp now owns 15,130 shares of the company’s stock worth $338,000 after buying an additional 3,284 shares during the period. Finally, OLD Mission Capital LLC purchased a new position in shares of Cadeler A/S during the fourth quarter worth $435,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

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.