Gulf Island Fabrication (NASDAQ:GIFI) Shares Cross Above 200-Day Moving Average - Should You Sell?

Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.10 and traded as high as $6.99. Gulf Island Fabrication shares last traded at $6.99, with a volume of 31,743 shares traded.

Wall Street Analyst Weigh In

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

Gulf Island Fabrication Stock Performance

The firm has a fifty day simple moving average of $6.49 and a two-hundred day simple moving average of $6.11. The firm has a market cap of $113.82 million, a price-to-earnings ratio of 6.63 and a beta of 0.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50.

Gulf Island Fabrication (NASDAQ:GIFI - Get Free Report) last posted its earnings results on Tuesday, November 5th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. The company had revenue of $37.64 million during the quarter. Gulf Island Fabrication had a net margin of 10.54% and a return on equity of 20.64%.

Institutional Trading of Gulf Island Fabrication

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in Gulf Island Fabrication by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 578,424 shares of the oil and gas company's stock worth $3,511,000 after purchasing an additional 10,170 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Gulf Island Fabrication by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 544,581 shares of the oil and gas company's stock valued at $3,306,000 after acquiring an additional 22,042 shares during the last quarter. Glenorchy Capital Ltd raised its holdings in shares of Gulf Island Fabrication by 24.5% during the third quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company's stock valued at $1,681,000 after acquiring an additional 58,622 shares during the last quarter. De Lisle Partners LLP lifted its position in shares of Gulf Island Fabrication by 14.2% in the third quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company's stock valued at $1,344,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Factorial Partners LLC boosted its stake in shares of Gulf Island Fabrication by 10.3% in the third quarter. Factorial Partners LLC now owns 219,673 shares of the oil and gas company's stock worth $1,239,000 after acquiring an additional 20,437 shares during the last quarter. Hedge funds and other institutional investors own 46.40% of the company's stock.

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.