Cadeler A/S (NYSE:CDLR) Sets New 52-Week Low - Time to Sell?

Key Points

• Cadeler shares hit a new 52-week low, trading as low as $6.70 and last at $7.245, versus a prior close of $25.84; the article describes the stock as down 71.2%.
• The company beat quarterly expectations, reporting EPS of $1.16 versus $0.95 expected and revenue of $322.76 million versus $280.45 million expected.
• Analyst sentiment remains cautious: three analysts rate the stock Hold, and MarketBeat reports a consensus rating of Hold.

Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) shares reached a new 52-week low during trading on Thursday. The company traded as low as $6.70 and last traded at $7.2450, with a volume of 20,907 shares traded. The stock had previously closed at $25.84.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CDLR. Weiss Ratings raised Cadeler A/S from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. Wall Street Zen raised Cadeler A/S from a "sell" rating to a "hold" rating in a research note on Saturday, August 29th. Three research analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of "Hold".

Cadeler A/S Trading Down 71.2%

The company has a quick ratio of 1.61, a current ratio of 1.62 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $717.55 million, a P/E ratio of 2.96 and a beta of 0.54. The company has a fifty day simple moving average of $24.20 and a two-hundred day simple moving average of $24.32.

Cadeler A/S (NYSE:CDLR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.21. Cadeler A/S had a return on equity of 12.58% and a net margin of 27.45%. The company had revenue of $322.76 million during the quarter, compared to the consensus estimate of $280.45 million.

Institutional Investors Weigh In On Cadeler A/S

Several large investors have recently made changes to their positions in CDLR. GAMMA Investing LLC lifted its position in Cadeler A/S by 157.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,741 shares of the company's stock valued at $38,000 after acquiring an additional 1,064 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Cadeler A/S by 40.1% in the 2nd quarter. QRG Capital Management Inc. now owns 14,438 shares of the company's stock valued at $316,000 after purchasing an additional 4,129 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Cadeler A/S in the 1st quarter valued at about $271,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Cadeler A/S by 25.4% in the first quarter. Cetera Investment Advisers now owns 33,250 shares of the company's stock valued at $782,000 after purchasing an additional 6,741 shares in the last quarter. Institutional investors own 53.03% of the company's stock.

About Cadeler A/S

Cadeler A/S is a Denmark-based provider of offshore wind installation and marine support services. The company owns and operates specialized jack-up vessels designed to transport, install and service offshore wind turbines and their foundations.

Its fleet supports major offshore wind projects throughout Europe and other international markets, including the United States and Asia-Pacific. Cadeler provides vessel chartering, project execution and offshore logistics services for wind farm developers, turbine manufacturers and engineering contractors.

The company was established in 2012 as Swire Blue Ocean and later adopted the Cadeler name.

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