Gulf Island Fabrication (NASDAQ:GIFI) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.68 and traded as high as $11.92. Gulf Island Fabrication shares last traded at $11.90, with a volume of 244,064 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Gulf Island Fabrication in a research report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Gulf Island Fabrication Stock Performance

The business has a 50 day moving average of $9.26 and a 200-day moving average of $7.68. The company has a market capitalization of $190.40 million, a P/E ratio of 21.64 and a beta of 0.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.46 and a current ratio of 3.54.

Gulf Island Fabrication (NASDAQ:GIFI) last released its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.10 EPS for the quarter. The firm had revenue of $51.54 million during the quarter, compared to analyst estimates of $34.00 million. Gulf Island Fabrication had a net margin of 5.46% and a return on equity of 11.60%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. First Wilshire Securities Management Inc. boosted its stake in shares of Gulf Island Fabrication by 4.1% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 1,019,169 shares of the oil and gas company’s stock valued at $6,777,000 after purchasing an additional 40,556 shares in the last quarter. Truffle Hound Capital LLC lifted its stake in Gulf Island Fabrication by 42.8% in the third quarter. Truffle Hound Capital LLC now owns 250,000 shares of the oil and gas company’s stock worth $1,755,000 after purchasing an additional 74,953 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in Gulf Island Fabrication by 2.2% during the third quarter. Bridgeway Capital Management LLC now owns 121,491 shares of the oil and gas company’s stock valued at $853,000 after buying an additional 2,642 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Gulf Island Fabrication during the second quarter valued at about $373,000. Finally, Ritholtz Wealth Management increased its holdings in shares of Gulf Island Fabrication by 26.8% in the second quarter. Ritholtz Wealth Management now owns 48,357 shares of the oil and gas company’s stock worth $322,000 after buying an additional 10,218 shares during the period. 46.40% of the stock is owned by hedge funds and other institutional investors.

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.