Gulf Island Fabrication (NASDAQ:GIFI) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Gulf Island Fabrication, Inc. (NASDAQ:GIFI)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.98 and traded as high as $11.93. Gulf Island Fabrication shares last traded at $11.92, with a volume of 53,867 shares trading hands.

Wall Street Analyst Weigh In

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

Gulf Island Fabrication Trading Up 0.1%

The business has a 50-day moving average of $10.07 and a 200-day moving average of $8.05. The stock has a market capitalization of $190.88 million, a price-to-earnings ratio of 21.69 and a beta of 0.39. 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 released its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.10 EPS for the quarter. The company had revenue of $51.54 million for the quarter, compared to analyst estimates of $34.00 million. Gulf Island Fabrication had a return on equity of 11.60% and a net margin of 5.46%.

Institutional Trading of Gulf Island Fabrication

A number of large investors have recently bought and sold shares of GIFI. Empowered Funds LLC grew its position in Gulf Island Fabrication by 6.2% in the 1st quarter. Empowered Funds LLC now owns 28,144 shares of the oil and gas company’s stock valued at $182,000 after buying an additional 1,654 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Gulf Island Fabrication by 13.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,844 shares of the oil and gas company’s stock worth $96,000 after acquiring an additional 1,766 shares during the period. Bridgeway Capital Management LLC raised its holdings in Gulf Island Fabrication by 1.9% during the second quarter. Bridgeway Capital Management LLC now owns 118,849 shares of the oil and gas company’s stock worth $790,000 after purchasing an additional 2,257 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Gulf Island Fabrication by 26.8% during the second quarter. Ritholtz Wealth Management now owns 48,357 shares of the oil and gas company’s stock worth $322,000 after purchasing an additional 10,218 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Gulf Island Fabrication by 50.2% in the 3rd quarter. GSA Capital Partners LLP now owns 30,776 shares of the oil and gas company’s stock valued at $216,000 after purchasing an additional 10,290 shares in the last quarter. Institutional investors and hedge funds own 46.40% of the company’s stock.

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.