Gulf Island Fabrication (NASDAQ:GIFI) Shares Pass Above Two Hundred Day Moving Average of $4.76

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.76 and traded as high as $6.69. Gulf Island Fabrication shares last traded at $6.38, with a volume of 147,696 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Johnson Rice raised shares of Gulf Island Fabrication from a “hold” rating to an “accumulate” rating in a research report on Friday, March 8th. StockNews.com initiated coverage on shares of Gulf Island Fabrication in a research report on Friday, March 15th. They set a “hold” rating for the company.

Gulf Island Fabrication Stock Performance

The firm has a market cap of $103.34 million, a P/E ratio of -4.25 and a beta of 0.46. The stock’s 50 day moving average is $5.92 and its two-hundred day moving average is $4.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.40 and a quick ratio of 3.34.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its earnings results on Thursday, March 7th. The oil and gas company reported $0.43 earnings per share for the quarter. The business had revenue of $44.55 million for the quarter. Gulf Island Fabrication had a negative net margin of 16.15% and a negative return on equity of 27.29%.

Institutional Trading of Gulf Island Fabrication

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GIFI. EAM Investors LLC bought a new stake in Gulf Island Fabrication in the fourth quarter valued at about $1,181,000. Glenorchy Capital Ltd bought a new stake in Gulf Island Fabrication during the fourth quarter worth about $840,000. Abel Hall LLC bought a new stake in Gulf Island Fabrication during the fourth quarter worth about $449,000. JPMorgan Chase & Co. bought a new stake in Gulf Island Fabrication during the fourth quarter worth about $492,000. Finally, Nierenberg Investment Management Company Inc. bought a new stake in Gulf Island Fabrication during the fourth quarter worth about $383,000. Institutional investors own 46.40% of the company’s stock.

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.