Cadeler A/S (NYSE:CDLR) Shares Gap Up to $21.87

Cadeler A/S (NYSE:CDLRGet Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $21.87, but opened at $23.55. Cadeler A/S shares last traded at $23.51, with a volume of 68,418 shares trading hands.

Cadeler A/S Stock Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 2.75 and a quick ratio of 2.72. The business has a 50 day moving average price of $18.73.

Institutional Investors Weigh In On Cadeler A/S

Hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Cadeler A/S during the 4th quarter valued at about $331,000. Privium Fund Management UK Ltd purchased a new stake in Cadeler A/S during the 4th quarter valued at about $1,337,000. Cowen AND Company LLC purchased a new stake in Cadeler A/S during the 4th quarter valued at about $1,566,000. Pale Fire Capital SE bought a new position in Cadeler A/S during the 4th quarter valued at approximately $2,803,000. Finally, TT International Asset Management LTD bought a new position in Cadeler A/S during the 4th quarter valued at approximately $2,804,000. Institutional investors own 53.03% of the company’s stock.

About Cadeler A/S

(Get Free Report)

Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm maintenance, construction, 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.

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