Gulf Island Fabrication (NASDAQ:GIFI) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.30 and traded as high as $7.03. Gulf Island Fabrication shares last traded at $6.81, with a volume of 39,399 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Gulf Island Fabrication from a "buy" rating to a "hold" rating in a research note on Friday, November 15th.

Gulf Island Fabrication Stock Up 0.3 %

The firm's 50 day moving average is $7.03 and its two-hundred day moving average is $6.31. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21. The stock has a market cap of $112.51 million, a price-to-earnings ratio of 6.55 and a beta of 0.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GIFI. Peapod Lane Capital LLC purchased a new stake in shares of Gulf Island Fabrication during the 4th quarter worth about $1,001,000. Glenorchy Capital Ltd grew its holdings in shares of Gulf Island Fabrication by 24.5% during the 3rd quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company's stock worth $1,681,000 after purchasing an additional 58,622 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Gulf Island Fabrication during the 3rd quarter worth about $260,000. Marshall Wace LLP purchased a new stake in shares of Gulf Island Fabrication during the 4th quarter worth about $219,000. Finally, De Lisle Partners LLP grew its holdings in shares of Gulf Island Fabrication by 14.2% during the 3rd quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company's stock worth $1,344,000 after purchasing an additional 30,000 shares during the period. Institutional investors and hedge funds own 46.40% of the company's stock.

About Gulf Island Fabrication

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.