Gulf Island Fabrication (NASDAQ:GIFI) Rating Lowered to "Hold" at StockNews.com

StockNews.com lowered shares of Gulf Island Fabrication (NASDAQ:GIFI - Free Report) from a buy rating to a hold rating in a research note released on Friday.

Gulf Island Fabrication Price Performance

GIFI stock traded up $0.42 during trading on Friday, hitting $6.37. 13,542 shares of the company's stock traded hands, compared to its average volume of 50,619. The stock has a market capitalization of $104.12 million, a price-to-earnings ratio of 6.06 and a beta of 0.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.50 and a current ratio of 4.61. The business has a fifty day simple moving average of $6.56 and a 200 day simple moving average of $6.52. Gulf Island Fabrication has a 52 week low of $5.12 and a 52 week high of $7.59.

Institutional Investors Weigh In On Gulf Island Fabrication

Several institutional investors have recently made changes to their positions in the company. Peapod Lane Capital LLC purchased a new position in shares of Gulf Island Fabrication during the fourth quarter valued at approximately $1,001,000. EP Wealth Advisors LLC purchased a new stake in Gulf Island Fabrication in the third quarter worth $260,000. 4WEALTH Advisors Inc. bought a new stake in shares of Gulf Island Fabrication during the fourth quarter worth $261,000. Marshall Wace LLP bought a new position in shares of Gulf Island Fabrication in the fourth quarter worth about $219,000. Finally, Empowered Funds LLC bought a new position in shares of Gulf Island Fabrication in the fourth quarter worth about $180,000. Institutional investors own 46.40% of the company's stock.

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Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works.