StockNews.com Downgrades Gulf Island Fabrication (NASDAQ:GIFI) to Hold

Gulf Island Fabrication (NASDAQ:GIFI) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Gulf Island Fabrication Stock Performance

Shares of GIFI opened at $7.09 on Friday. Gulf Island Fabrication has a 12-month low of $3.96 and a 12-month high of $7.93. The stock has a market cap of $115.92 million, a P/E ratio of 6.75 and a beta of 0.48. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $5.67 and a two-hundred day moving average of $6.10.

Gulf Island Fabrication (NASDAQ:GIFI) last released its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The company 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 and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new position in shares of Gulf Island Fabrication in the 2nd quarter worth about $73,000. Robotti Robert acquired a new position in Gulf Island Fabrication during the first quarter valued at approximately $74,000. Ritholtz Wealth Management purchased a new stake in Gulf Island Fabrication during the second quarter worth approximately $161,000. Squarepoint Ops LLC acquired a new stake in shares of Gulf Island Fabrication in the second quarter worth $178,000. Finally, Marshall Wace LLP acquired a new position in shares of Gulf Island Fabrication during the 2nd quarter valued at $191,000. Hedge funds and other institutional investors own 46.40% of the company’s stock.

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.