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

Cadeler A/S (NYSE:CDLR) gapped down prior to trading on Tuesday . The stock had previously closed at $20.78, but opened at $20.25. Cadeler A/S shares last traded at $20.24, with a volume of 9,045 shares trading hands.

Cadeler A/S Stock Down 0.8 %

The business has a 50-day moving average price of $23.00 and a two-hundred day moving average price of $25.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.81 and a current ratio of 1.82.

Institutional Investors Weigh In On Cadeler A/S

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price Jennifer C. acquired a new stake in shares of Cadeler A/S in the 2nd quarter valued at approximately $1,955,000. TT International Asset Management LTD boosted its position in shares of Cadeler A/S by 71.6% during the third quarter. TT International Asset Management LTD now owns 246,173 shares of the company’s stock worth $6,937,000 after purchasing an additional 102,712 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Cadeler A/S in the 4th quarter valued at $52,000. Encompass Capital Advisors LLC raised its stake in Cadeler A/S by 1.2% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock worth $25,413,000 after buying an additional 11,638 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in Cadeler A/S during the third quarter worth about $248,000. Institutional investors own 53.03% of the company’s stock.

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.