Cadeler A/S (NYSE:CDLR) Sees Unusually-High Trading Volume – Time to Buy?

Cadeler A/S Sponsored ADR (NYSE:CDLR) saw strong trading volume on Friday . 106,705 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 61,642 shares.The stock last traded at $16.9950 and had previously closed at $17.06.

Wall Street Analysts Forecast Growth

CDLR has been the subject of several research analyst reports. Wall Street Zen lowered shares of Cadeler A/S from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Cadeler A/S in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Cadeler A/S Stock Performance

The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $20.18 and a 200-day simple moving average of $20.53. The company has a market capitalization of $1.50 billion, a P/E ratio of 5.72 and a beta of 0.23.

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

Institutional Investors Weigh In On Cadeler A/S

A number of large investors have recently bought and sold shares of CDLR. JPMorgan Chase & Co. raised its position in Cadeler A/S by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,547 shares of the company’s stock valued at $1,498,000 after purchasing an additional 985 shares during the last quarter. Steinberganna Wealth Management acquired a new stake in shares of Cadeler A/S in the third quarter valued at $214,000. Bank of America Corp DE raised its holdings in shares of Cadeler A/S by 10,418.8% in the second quarter. Bank of America Corp DE now owns 3,366 shares of the company’s stock valued at $67,000 after buying an additional 3,334 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Cadeler A/S during the 2nd quarter worth about $34,000. Finally, Diametric Capital LP bought a new stake in Cadeler A/S during the 2nd quarter worth about $391,000. 53.03% of the stock is currently owned by institutional investors.

Cadeler A/S Company Profile

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.