Gulf Island Fabrication (NASDAQ:GIFI) Shares Pass Above 200-Day Moving Average – Time to Sell?

Gulf Island Fabrication, Inc. (NASDAQ:GIFI)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.30 and traded as high as $12.00. Gulf Island Fabrication shares last traded at $12.0940, with a volume of 94,280 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Gulf Island Fabrication in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Gulf Island Fabrication has an average rating of “Hold”.

Gulf Island Fabrication Stock Up 0.8%

The stock has a market capitalization of $193.49 million, a price-to-earnings ratio of 21.99 and a beta of 0.41. The firm has a 50-day moving average of $11.97 and a 200 day moving average of $9.30. The company has a current ratio of 3.54, a quick ratio of 3.46 and a debt-to-equity ratio of 0.19.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $51.54 million for 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 Trading of Gulf Island Fabrication

Several large investors have recently modified their holdings of GIFI. Empowered Funds LLC increased its position in shares of Gulf Island Fabrication by 6.2% during the first quarter. Empowered Funds LLC now owns 28,144 shares of the oil and gas company’s stock worth $182,000 after acquiring an additional 1,654 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Gulf Island Fabrication by 13.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,844 shares of the oil and gas company’s stock valued at $96,000 after purchasing an additional 1,766 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in Gulf Island Fabrication by 1.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 118,849 shares of the oil and gas company’s stock worth $790,000 after purchasing an additional 2,257 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of Gulf Island Fabrication by 26.8% in the 2nd quarter. Ritholtz Wealth Management now owns 48,357 shares of the oil and gas company’s stock valued at $322,000 after purchasing an additional 10,218 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Gulf Island Fabrication by 50.2% in the 3rd quarter. GSA Capital Partners LLP now owns 30,776 shares of the oil and gas company’s stock valued at $216,000 after purchasing an additional 10,290 shares in the last quarter. 46.40% of the stock is currently owned by institutional investors and hedge funds.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc is a Houston-based engineering and construction company specializing in the design, fabrication and assembly of large-scale structures for the offshore energy industry. The company’s core expertise lies in delivering steel foundations and topside modules for offshore oil and gas platforms, floating production systems and support vessels. By integrating engineering, procurement and construction services, Gulf Island Fabrication offers end-to-end solutions that address the demanding technical and regulatory requirements of deepwater and shallow-water developments.

The company’s product portfolio encompasses jackets, piles, topside decks, hulls, living quarters and utility modules, as well as the assembly of hook-up and commissioning services.