Gulf Island Fabrication (NASDAQ:GIFI) Share Price Passes Above Two Hundred Day Moving Average of $5.27

Gulf Island Fabrication, Inc. (NASDAQ:GIFIGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.27 and traded as high as $6.80. Gulf Island Fabrication shares last traded at $6.70, with a volume of 82,016 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GIFI shares. lowered shares of Gulf Island Fabrication from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Johnson Rice upgraded shares of Gulf Island Fabrication from a “hold” rating to an “accumulate” rating in a research note on Friday, March 8th.

Get Our Latest Analysis on Gulf Island Fabrication

Gulf Island Fabrication Stock Performance

The stock’s 50 day simple moving average is $6.93 and its 200 day simple moving average is $5.29. The company has a current ratio of 4.37, a quick ratio of 4.28 and a debt-to-equity ratio of 0.22.

Gulf Island Fabrication (NASDAQ:GIFIGet Free Report) last announced its earnings results on Thursday, March 7th. The oil and gas company reported $0.43 EPS for the quarter. The company had revenue of $44.55 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 Investors Weigh In On Gulf Island Fabrication

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Gulf Island Fabrication by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 603,774 shares of the oil and gas company’s stock worth $4,438,000 after acquiring an additional 24,699 shares in the last quarter. Glenorchy Capital Ltd bought a new stake in shares of Gulf Island Fabrication during the fourth quarter worth about $840,000. Abel Hall LLC bought a new stake in Gulf Island Fabrication in the fourth quarter valued at approximately $449,000. Hillsdale Investment Management Inc. acquired a new position in Gulf Island Fabrication in the first quarter valued at approximately $198,000. Finally, Robotti Robert acquired a new position in shares of Gulf Island Fabrication during the first quarter worth approximately $74,000. Institutional investors own 46.40% of the company’s stock.

Gulf Island Fabrication Company Profile

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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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