Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Get Free Report)'s share price was down 9.3% during mid-day trading on Tuesday . The company traded as low as $10.07 and last traded at $9.98. Approximately 170,556 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 359,861 shares. The stock had previously closed at $11.00.
Great Lakes Dredge & Dock Price Performance
The stock has a fifty day moving average of $11.33 and a 200-day moving average of $11.08. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $566.43 million, a P/E ratio of 10.02, a PEG ratio of 1.06 and a beta of 1.16.
Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.06. The firm had revenue of $202.77 million during the quarter, compared to analysts' expectations of $211.20 million. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.51%. Equities analysts predict that Great Lakes Dredge & Dock Co. will post 0.69 EPS for the current fiscal year.
Institutional Trading of Great Lakes Dredge & Dock
A number of hedge funds have recently modified their holdings of the company. AlphaQuest LLC bought a new stake in Great Lakes Dredge & Dock in the fourth quarter valued at approximately $33,000. Federated Hermes Inc. increased its position in shares of Great Lakes Dredge & Dock by 878.9% in the 4th quarter. Federated Hermes Inc. now owns 5,619 shares of the construction company's stock valued at $63,000 after buying an additional 5,045 shares in the last quarter. R Squared Ltd bought a new stake in shares of Great Lakes Dredge & Dock in the 4th quarter valued at $69,000. Lazard Asset Management LLC acquired a new stake in Great Lakes Dredge & Dock during the 4th quarter worth $118,000. Finally, Semanteon Capital Management LP bought a new position in Great Lakes Dredge & Dock during the fourth quarter worth about $130,000. 89.11% of the stock is currently owned by institutional investors and hedge funds.
About Great Lakes Dredge & Dock
(
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Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.
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