Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
Great Lakes Dredge & Dock Stock Up 0.2 %
GLDD traded up $0.02 on Wednesday, hitting $8.58. 616,963 shares of the company were exchanged, compared to its average volume of 405,081. Great Lakes Dredge & Dock has a 12 month low of $6.11 and a 12 month high of $9.93. The company has a market cap of $574.94 million, a PE ratio of 15.05, a PEG ratio of 0.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.06 and a current ratio of 1.25. The stock’s fifty day moving average is $8.92 and its 200-day moving average is $8.56.
Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) last released its earnings results on Tuesday, August 6th. The construction company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.08. Great Lakes Dredge & Dock had a return on equity of 8.83% and a net margin of 6.05%. The business had revenue of $170.09 million for the quarter, compared to analyst estimates of $165.00 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. Equities research analysts predict that Great Lakes Dredge & Dock will post 0.72 EPS for the current fiscal year.
Institutional Trading of Great Lakes Dredge & Dock
Great Lakes Dredge & Dock Company Profile
Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.
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