Cadeler A/S (NYSE:CDLR) Shares Gap Down – Should You Sell?

Cadeler A/S (NYSE:CDLR) shares gapped down before the market opened 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 traded.

Cadeler A/S Stock Down 0.8 %

The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $23.00 and its 200-day simple moving average is $25.15.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Price Jennifer C. acquired a new stake in Cadeler A/S during the second quarter worth about $1,955,000. TT International Asset Management LTD lifted its position in shares of Cadeler A/S by 71.6% during the 3rd quarter. TT International Asset Management LTD now owns 246,173 shares of the company’s stock worth $6,937,000 after buying an additional 102,712 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Cadeler A/S in the fourth quarter valued at about $52,000. Encompass Capital Advisors LLC raised its stake in Cadeler A/S by 1.2% during the second quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock worth $25,413,000 after acquiring an additional 11,638 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Cadeler A/S in the third quarter valued at approximately $248,000. 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.