Gulf Island Fabrication (NASDAQ:GIFI) Stock Price Crosses Above 200-Day Moving Average of $5.93

Shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFIGet Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.93 and traded as high as $6.36. Gulf Island Fabrication shares last traded at $6.29, with a volume of 38,588 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Gulf Island Fabrication from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th.

Get Our Latest Analysis on GIFI

Gulf Island Fabrication Trading Up 2.1 %

The firm has a market capitalization of $102.40 million, a price-to-earnings ratio of -5.38 and a beta of 0.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.28 and a current ratio of 4.37. The company has a 50 day moving average price of $6.59 and a two-hundred day moving average price of $5.93.

Gulf Island Fabrication (NASDAQ:GIFIGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported $0.37 earnings per share for the quarter. The company had revenue of $42.88 million during the quarter. Gulf Island Fabrication had a negative net margin of 14.27% and a negative return on equity of 22.11%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Robotti Robert purchased a new stake in Gulf Island Fabrication during the 1st quarter worth approximately $74,000. Vanguard Group Inc. increased its position in shares of Gulf Island Fabrication by 4.3% during the first quarter. Vanguard Group Inc. now owns 603,774 shares of the oil and gas company’s stock worth $4,438,000 after purchasing an additional 24,699 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Gulf Island Fabrication during the first quarter worth approximately $198,000. Abel Hall LLC acquired a new position in Gulf Island Fabrication in the 4th quarter valued at $449,000. Finally, Glenorchy Capital Ltd purchased a new position in Gulf Island Fabrication in the 4th quarter valued at $840,000. Institutional investors and hedge funds 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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