Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.20 and traded as high as $7.10. Gulf Island Fabrication shares last traded at $7.05, with a volume of 56,633 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com lowered Gulf Island Fabrication from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.
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Gulf Island Fabrication Stock Down 0.3 %
The firm's 50 day moving average price is $7.00 and its two-hundred day moving average price is $6.21. The firm has a market capitalization of $114.96 million, a PE ratio of 6.70 and a beta of 0.55. The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.21.
Gulf Island Fabrication (NASDAQ:GIFI - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The firm had revenue of $37.64 million for the quarter. Gulf Island Fabrication had a net margin of 10.54% and a return on equity of 20.64%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new stake in Gulf Island Fabrication during the 2nd quarter worth approximately $73,000. Squarepoint Ops LLC acquired a new stake in shares of Gulf Island Fabrication during the second quarter worth approximately $178,000. Marshall Wace LLP bought a new stake in shares of Gulf Island Fabrication in the second quarter worth $191,000. Heron Bay Capital Management acquired a new stake in Gulf Island Fabrication in the second quarter valued at $234,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Gulf Island Fabrication by 9.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company's stock valued at $234,000 after acquiring an additional 3,683 shares in the last quarter. Hedge funds and other institutional investors own 46.40% of the company's stock.
About Gulf Island Fabrication
(
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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.
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