Cadeler A/S (OTCMKTS:CADLF – Get Free Report)’s stock price rose 5.8% during trading on Tuesday . The company traded as high as $5.10 and last traded at $5.10. Approximately 990 shares changed hands during trading, a decline of 16% from the average daily volume of 1,175 shares. The stock had previously closed at $4.82.
Cadeler A/S Price Performance
The stock has a fifty day moving average price of $4.64 and a two-hundred day moving average price of $5.12.
Cadeler A/S Company Profile
Cadeler A/S (OTCMKTS: CADLF) is a Denmark-based maritime service provider specializing in offshore wind turbine installation. The company owns and operates purpose-built wind turbine installation vessels, which were converted from former offshore drilling rigs. These vessels are equipped with heavy-lift cranes, dynamic positioning systems and jack-up capabilities, allowing Cadeler to install foundations, towers, monopiles, jackets and complete turbine assemblies in a wide range of water depths and weather conditions.
Founded in 2019 as a carve-out from Seadrill’s wind-turbine installation business, Cadeler has built on nearly a decade of offshore wind experience.
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