Cadeler A/S (NYSE:CDLR) Shares Gap Down - What's Next?

Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $20.84, but opened at $20.12. Cadeler A/S shares last traded at $19.56, with a volume of 67,033 shares.

Cadeler A/S Stock Up 2.2%

The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $1.77 billion, a PE ratio of 24.61 and a beta of 0.27. The stock's fifty day simple moving average is $20.55 and its 200-day simple moving average is $20.37.

Hedge Funds Weigh In On Cadeler A/S

Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings 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 worth $43,000 after buying an additional 675 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Cadeler A/S by 288.5% in the 1st quarter. GAMMA Investing LLC now owns 9,024 shares of the company's stock worth $177,000 after buying an additional 6,701 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Cadeler A/S by 27.7% in the 4th quarter. Stifel Financial Corp now owns 15,130 shares of the company's stock worth $338,000 after buying an additional 3,284 shares during the last quarter. OLD Mission Capital LLC purchased a new position in shares of Cadeler A/S in the 4th quarter worth about $435,000. Finally, NBC Securities Inc. boosted its holdings in shares of Cadeler A/S by 148,926.9% in the 1st quarter. NBC Securities Inc. now owns 38,747 shares of the company's stock worth $761,000 after buying an additional 38,721 shares during the last quarter. 53.03% of the stock is owned by hedge funds and other 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.