Cadeler A/S (NYSE:CDLR) Trading Down 0.1% – Should You Sell?

Cadeler A/S Sponsored ADR (NYSE:CDLR) was down 0.1% during mid-day trading on Wednesday . The company traded as low as $24.51 and last traded at $24.7250. Approximately 47,576 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 90,541 shares. The stock had previously closed at $24.75.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CDLR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cadeler A/S in a report on Wednesday, January 21st. Pareto Securities raised shares of Cadeler A/S to a “hold” rating in a research note on Tuesday, November 18th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Cadeler A/S Price Performance

The stock has a market cap of $2.17 billion, a P/E ratio of 7.23 and a beta of 0.13. The business has a 50-day simple moving average of $23.57 and a 200 day simple moving average of $20.80. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.82.

Institutional Trading of Cadeler A/S

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Cadeler A/S during the 2nd quarter worth approximately $34,000. Rhumbline Advisers boosted its stake in shares of Cadeler A/S by 45.2% in the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock valued at $43,000 after purchasing an additional 675 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Cadeler A/S by 10,418.8% in the 2nd quarter. Bank of America Corp DE now owns 3,366 shares of the company’s stock valued at $67,000 after purchasing an additional 3,334 shares during the last quarter. Barclays PLC acquired a new stake in shares of Cadeler A/S during the fourth quarter worth $119,000. Finally, Steinberganna Wealth Management bought a new position in Cadeler A/S during the third quarter worth $214,000. 53.03% of the stock is currently owned by institutional investors.

About Cadeler A/S

Cadeler A/S is a Denmark-based specialist in offshore wind turbine installation and related services. The company operates a fleet of dynamically positioned (DP3) self-propelled jack-up vessels designed for the transportation, installation and commissioning of foundation structures, turbine towers, nacelles and blades. Cadeler’s capabilities encompass project planning, logistics coordination and offshore operations, enabling wind farm developers to deploy large-scale turbines in challenging marine environments.

The company’s two flagship vessels, Wind Orca and Wind Osprey, are equipped to work in water depths of up to 70 meters and to handle the installation of next-generation turbines.