Gulf Island Fabrication (NASDAQ:GIFI) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

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 $6.20 and traded as high as $7.10. Gulf Island Fabrication shares last traded at $7.05, with a volume of 56,633 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Gulf Island Fabrication from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Read Our Latest Analysis on Gulf Island Fabrication

Gulf Island Fabrication Stock Up 0.6 %

The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $6.99 and a two-hundred day simple moving average of $6.20. The stock has a market capitalization of $115.27 million, a P/E ratio of 6.71 and a beta of 0.55.

Gulf Island Fabrication (NASDAQ:GIFIGet Free Report) last announced its earnings results on Tuesday, November 5th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $37.64 million during the quarter. Gulf Island Fabrication had a net margin of 10.54% and a return on equity of 20.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Glenorchy Capital Ltd increased its holdings in Gulf Island Fabrication by 24.5% during the 3rd quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company’s stock valued at $1,681,000 after purchasing an additional 58,622 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Gulf Island Fabrication in the third quarter valued at $260,000. Heron Bay Capital Management bought a new position in shares of Gulf Island Fabrication in the second quarter valued at about $234,000. Marshall Wace LLP bought a new position in shares of Gulf Island Fabrication in the second quarter valued at about $191,000. Finally, De Lisle Partners LLP lifted its position in Gulf Island Fabrication by 14.2% during the 3rd quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company’s stock worth $1,344,000 after buying an additional 30,000 shares in the last quarter. 46.40% of the stock is owned by institutional investors and hedge funds.

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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