Gulf Island Fabrication (NASDAQ:GIFI) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.24 and traded as high as $7.22. Gulf Island Fabrication shares last traded at $7.22, with a volume of 23,914 shares.

Analyst Ratings Changes

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

Gulf Island Fabrication Trading Up 0.3 %

The business’s 50 day simple moving average is $7.02 and its 200-day simple moving average is $6.24. The stock has a market capitalization of $118.05 million, a P/E ratio of 6.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50.

Gulf Island Fabrication (NASDAQ:GIFI) last announced its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.14 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 return on equity of 20.64% and a net margin of 10.54%.

Institutional Trading of Gulf Island Fabrication

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Gulf Island Fabrication by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 544,581 shares of the oil and gas company’s stock worth $3,306,000 after acquiring an additional 22,042 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Gulf Island Fabrication by 1.8% during the second quarter. Renaissance Technologies LLC now owns 578,424 shares of the oil and gas company’s stock worth $3,511,000 after purchasing an additional 10,170 shares during the period. Marshall Wace LLP bought a new position in shares of Gulf Island Fabrication during the 2nd quarter valued at about $191,000. Cubist Systematic Strategies LLC acquired a new position in shares of Gulf Island Fabrication in the 2nd quarter valued at approximately $73,000. Finally, Squarepoint Ops LLC acquired a new stake in Gulf Island Fabrication during the 2nd quarter worth approximately $178,000. 46.40% of the stock is currently owned by institutional investors and hedge funds.

Gulf Island Fabrication Company Profile

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.