Gulf Island Fabrication (NASDAQ:GIFI) Share Price Crosses Above 200-Day Moving Average of $5.03

Shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.03 and traded as high as $7.33. Gulf Island Fabrication shares last traded at $6.90, with a volume of 57,538 shares trading hands.

Analyst Ratings Changes

A number of research firms recently issued reports on GIFI. Johnson Rice raised Gulf Island Fabrication from a “hold” rating to an “accumulate” rating in a research note on Friday, March 8th. StockNews.com began coverage on Gulf Island Fabrication in a research note on Friday, March 15th. They issued a “hold” rating on the stock.

Gulf Island Fabrication Price Performance

The company has a fifty day simple moving average of $6.38 and a two-hundred day simple moving average of $5.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.34 and a current ratio of 3.40. The company has a market capitalization of $111.78 million, a price-to-earnings ratio of -4.60 and a beta of 0.46.

Gulf Island Fabrication (NASDAQ:GIFI) last issued its quarterly earnings results on Thursday, March 7th. The oil and gas company reported $0.43 earnings per share for the quarter. The company had revenue of $44.55 million during the quarter. Gulf Island Fabrication had a negative return on equity of 27.29% and a negative net margin of 16.15%.

Institutional Trading of Gulf Island Fabrication

A hedge fund recently bought a new stake in Gulf Island Fabrication stock. Abel Hall LLC acquired a new position in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 103,771 shares of the oil and gas company’s stock, valued at approximately $449,000. Abel Hall LLC owned about 0.64% of Gulf Island Fabrication as of its most recent SEC filing. 46.40% of the stock is currently owned by institutional investors and hedge funds.

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.