Gulf Island Fabrication (NASDAQ:GIFI) Stock Passes Above Two Hundred 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 Tuesday . The stock has a two hundred day moving average of $9.30 and traded as high as $12.00. Gulf Island Fabrication shares last traded at $12.0940, with a volume of 94,280 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Gulf Island Fabrication in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Gulf Island Fabrication Stock Up 0.8%

The company has a quick ratio of 3.46, a current ratio of 3.54 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $11.97 and its 200 day moving average price is $9.30. The firm has a market cap of $193.49 million, a P/E ratio of 21.99 and a beta of 0.41.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its earnings results on Wednesday, November 12th. The oil and gas company reported $0.10 EPS 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 for the quarter, compared to analysts’ expectations of $34.00 million.

Institutional Trading of Gulf Island Fabrication

A number of hedge funds and other institutional investors have recently made changes to their positions in GIFI. First Wilshire Securities Management Inc. lifted its position in shares of Gulf Island Fabrication by 4.1% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 1,019,169 shares of the oil and gas company’s stock valued at $6,777,000 after acquiring an additional 40,556 shares during the last quarter. Truffle Hound Capital LLC raised its position in shares of Gulf Island Fabrication by 42.8% during the third quarter. Truffle Hound Capital LLC now owns 250,000 shares of the oil and gas company’s stock worth $1,755,000 after purchasing an additional 74,953 shares during the period. Bridgeway Capital Management LLC raised its position in shares of Gulf Island Fabrication by 2.2% during the third quarter. Bridgeway Capital Management LLC now owns 121,491 shares of the oil and gas company’s stock worth $853,000 after purchasing an additional 2,642 shares during the period. Credit Industriel ET Commercial purchased a new stake in shares of Gulf Island Fabrication during the fourth quarter valued at $1,436,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Gulf Island Fabrication in the 2nd quarter valued at $373,000. 46.40% of the stock is currently owned by institutional investors.

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.