Cadeler A/S (NYSE:CDLR) Stock Falls 11.8% – Time to Sell?

Cadeler A/S Sponsored ADR (NYSE:CDLR) traded down 11.8% during mid-day trading on Friday. The company traded as low as $6.63 and last traded at $6.5270. Approximately 100,001 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 108,367 shares. The stock had previously closed at $7.40.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen raised Cadeler A/S from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings raised Cadeler A/S from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Cadeler A/S Stock Down 10.9%

The firm’s 50 day simple moving average is $23.84 and its 200 day simple moving average is $24.25. The company has a market cap of $636.10 million, a price-to-earnings ratio of 2.63 and a beta of 0.54. The company has a quick ratio of 1.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.83.

Cadeler A/S (NYSE:CDLR) last issued its quarterly earnings data on Tuesday, August 25th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.21. Cadeler A/S had a return on equity of 12.58% and a net margin of 27.45%. The business had revenue of $322.76 million during the quarter, compared to the consensus estimate of $280.45 million.

Institutional Trading of Cadeler A/S

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of Cadeler A/S by 157.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,741 shares of the company’s stock worth $38,000 after acquiring an additional 1,064 shares during the period. QRG Capital Management Inc. increased its stake in shares of Cadeler A/S by 40.1% during the second quarter. QRG Capital Management Inc. now owns 14,438 shares of the company’s stock valued at $316,000 after acquiring an additional 4,129 shares during the period. Cetera Investment Advisers raised its holdings in Cadeler A/S by 25.4% during the first quarter. Cetera Investment Advisers now owns 33,250 shares of the company’s stock worth $782,000 after purchasing an additional 6,741 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Cadeler A/S during the first quarter worth approximately $271,000. 53.03% of the stock is currently owned by institutional investors.

About Cadeler A/S

Cadeler A/S is a Denmark-based provider of offshore wind installation and marine support services. The company owns and operates specialized jack-up vessels designed to transport, install and service offshore wind turbines and their foundations.

Its fleet supports major offshore wind projects throughout Europe and other international markets, including the United States and Asia-Pacific. Cadeler provides vessel chartering, project execution and offshore logistics services for wind farm developers, turbine manufacturers and engineering contractors.

The company was established in 2012 as Swire Blue Ocean and later adopted the Cadeler name.