Cadeler A/S (NYSE:CDLR) Sees Unusually-High Trading Volume

Cadeler A/S (NYSE:CDLR - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 114,822 shares changed hands during mid-day trading, an increase of 5% from the previous session's volume of 109,009 shares.The stock last traded at $18.94 and had previously closed at $18.70.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus initiated coverage on shares of Cadeler A/S in a report on Thursday, January 4th. They issued a "buy" rating and a $35.00 target price for the company.

Cadeler A/S Stock Performance

The company has a current ratio of 2.75, a quick ratio of 2.72 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $17.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CDLR. NBC Securities Inc. bought a new stake in shares of Cadeler A/S during the fourth quarter worth $331,000. Privium Fund Management UK Ltd bought a new stake in shares of Cadeler A/S during the fourth quarter worth $1,337,000. Cowen AND Company LLC bought a new stake in shares of Cadeler A/S during the fourth quarter worth $1,566,000. Pale Fire Capital SE bought a new stake in shares of Cadeler A/S during the fourth quarter worth $2,803,000. Finally, TT International Asset Management LTD bought a new stake in shares of Cadeler A/S during the fourth quarter worth $2,804,000. 53.03% of the stock is owned by hedge funds and other 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 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.