Cadeler A/S (NYSE:CDLR) Shares Gap Up – Should You Buy?

Cadeler A/S (NYSE:CDLR)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $17.70, but opened at $18.43. Cadeler A/S shares last traded at $18.42, with a volume of 9,338 shares changing hands.

Cadeler A/S Stock Up 2.8 %

The company’s 50-day moving average is $19.39 and its two-hundred day moving average is $22.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.82 and a quick ratio of 1.81. The company has a market cap of $1.75 billion, a P/E ratio of 24.31 and a beta of 0.59.

Cadeler A/S (NYSE:CDLR) last issued its earnings results on Tuesday, March 25th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.13. The business had revenue of $88.65 million during the quarter, compared to analysts’ expectations of $82.84 million. As a group, equities analysts predict that Cadeler A/S will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of Cadeler A/S

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new position in shares of Cadeler A/S in the fourth quarter worth about $52,000. OLD Mission Capital LLC purchased a new position in Cadeler A/S during the fourth quarter valued at $435,000. SG Americas Securities LLC purchased a new position in Cadeler A/S during the fourth quarter valued at $2,603,000. BNP Paribas Financial Markets purchased a new stake in Cadeler A/S in the 3rd quarter worth $248,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Cadeler A/S by 19.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock valued at $2,006,000 after purchasing an additional 11,483 shares during the last quarter. Institutional investors 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.