Gulf Island Fabrication (NASDAQ:GIFI) Share Price Crosses Above 200 Day Moving Average of $5.39

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.39 and traded as high as $7.09. Gulf Island Fabrication shares last traded at $7.08, with a volume of 91,589 shares.

Analyst Upgrades and Downgrades

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

Gulf Island Fabrication Stock Up 9.3 %

The firm has a market cap of $115.26 million, a P/E ratio of -6.05 and a beta of 0.49. The company has a current ratio of 4.37, a quick ratio of 4.28 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $6.93 and a 200-day moving average price of $5.39.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its earnings results on Thursday, March 7th. The oil and gas company reported $0.43 EPS for the quarter. Gulf Island Fabrication had a negative net margin of 14.27% and a negative return on equity of 22.11%. The business had revenue of $44.55 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GIFI. Glenorchy Capital Ltd bought a new position in shares of Gulf Island Fabrication during the 4th quarter worth approximately $840,000. Abel Hall LLC acquired a new position in shares of Gulf Island Fabrication during the fourth quarter worth $449,000. Vanguard Group Inc. lifted its holdings 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 valued at $4,438,000 after purchasing an additional 24,699 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Gulf Island Fabrication in the 1st quarter worth $198,000. Finally, Robotti Robert purchased a new position in Gulf Island Fabrication during the 1st quarter worth $74,000. 46.40% of the stock is owned by institutional investors.

About Gulf Island Fabrication

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.