Gulf Island Fabrication (NASDAQ:GIFI) Shares Pass Above 200 Day Moving Average – What’s Next?

Gulf Island Fabrication, Inc. (NASDAQ:GIFI)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.08 and traded as high as $12.00. Gulf Island Fabrication shares last traded at $12.0940, with a volume of 94,280 shares.

Wall Street Analyst Weigh In

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

Gulf Island Fabrication Stock Performance

The company has a market cap of $193.49 million, a P/E ratio of 21.99 and a beta of 0.41. The business has a 50 day moving average price of $11.93 and a two-hundred day moving average price of $9.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.46 and a current ratio of 3.54.

Gulf Island Fabrication (NASDAQ:GIFI) last announced its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported $0.10 earnings per share for the quarter. Gulf Island Fabrication had a return on equity of 11.60% and a net margin of 5.46%.The firm had revenue of $51.54 million during the quarter, compared to the consensus estimate of $34.00 million.

Institutional Investors Weigh In On Gulf Island Fabrication

A number of large investors have recently added to or reduced their stakes in the company. Bailard Inc. bought a new position in shares of Gulf Island Fabrication during the second quarter valued at about $237,000. Goldman Sachs Group Inc. increased its holdings 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 during the period. Truffle Hound Capital LLC bought a new position in Gulf Island Fabrication during the 2nd quarter valued at approximately $1,164,000. Janney Montgomery Scott LLC bought a new position in Gulf Island Fabrication during the 2nd quarter valued at approximately $373,000. Finally, Ritholtz Wealth Management lifted its holdings in 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 worth $322,000 after buying an additional 10,218 shares during the period. Institutional investors own 46.40% of the company’s stock.

About Gulf Island Fabrication

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.