Cadeler A/S (NYSE:CDLR) Hits New 1-Year Low – Here’s What Happened

Cadeler A/S Sponsored ADR (NYSE:CDLR) hit a new 52-week low on Wednesday . The stock traded as low as $16.87 and last traded at $16.87, with a volume of 22831 shares. The stock had previously closed at $17.37.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadeler A/S in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Cadeler A/S from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Cadeler A/S Trading Down 3.9%

The company has a market cap of $1.47 billion, a PE ratio of 5.61 and a beta of 0.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.98. The company has a 50-day moving average of $19.74 and a 200 day moving average of $20.38.

Cadeler A/S (NYSE:CDLR) last released its earnings results on Tuesday, August 26th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $1.51. The firm had revenue of $136.09 million during the quarter, compared to analyst estimates of $128.33 million. Cadeler A/S had a net margin of 50.69% and a return on equity of 19.18%. Analysts predict that Cadeler A/S Sponsored ADR will post 0.69 earnings per share for the current year.

Institutional Investors Weigh In On Cadeler A/S

A number of institutional investors and hedge funds have recently bought and sold shares of CDLR. Bank of America Corp DE raised its holdings in shares of Cadeler A/S by 17.7% in the 3rd quarter. Bank of America Corp DE now owns 3,963 shares of the company’s stock valued at $82,000 after purchasing an additional 597 shares in the last quarter. Rhumbline Advisers increased its holdings in Cadeler A/S by 45.2% during the first quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock valued at $43,000 after buying an additional 675 shares during the period. JPMorgan Chase & Co. raised its stake in Cadeler A/S by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock worth $1,498,000 after buying an additional 985 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Cadeler A/S during the second quarter worth $34,000. Finally, Steinberganna Wealth Management bought a new stake in Cadeler A/S during the 3rd quarter valued at $214,000. 53.03% of the stock is owned by institutional investors.

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.