Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.27 and traded as high as $7.22. Gulf Island Fabrication shares last traded at $7.00, with a volume of 52,969 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Gulf Island Fabrication from a "buy" rating to a "hold" rating in a report on Friday, November 15th.
Read Our Latest Stock Report on Gulf Island Fabrication
Gulf Island Fabrication Price Performance
The business has a fifty day moving average of $7.04 and a 200-day moving average of $6.29. 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 firm has a market cap of $109.71 million, a PE ratio of 6.39 and a beta of 0.55.
Gulf Island Fabrication (NASDAQ:GIFI - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.14 earnings per share (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 Trading of Gulf Island Fabrication
Several institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Gulf Island Fabrication during the 2nd quarter valued at $73,000. Squarepoint Ops LLC purchased a new position in Gulf Island Fabrication during the second quarter worth about $178,000. Empowered Funds LLC bought a new position in Gulf Island Fabrication in the 4th quarter worth about $180,000. Marshall Wace LLP purchased a new stake in shares of Gulf Island Fabrication in the 2nd quarter valued at about $191,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Gulf Island Fabrication by 9.8% during the 3rd 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 during the last quarter. 46.40% of the stock is currently owned by hedge funds and other institutional investors.
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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