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

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.12 and traded as high as $6.89. Gulf Island Fabrication shares last traded at $6.81, with a volume of 15,399 shares changing hands.

Wall Street Analyst Weigh In

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

Gulf Island Fabrication Trading Up 4.3 %

The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.21. The stock has a market cap of $116.11 million, a PE ratio of 6.76 and a beta of 0.54. The business’s fifty day moving average is $6.68 and its 200 day moving average is $6.13.

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 business had revenue of $37.64 million for 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

A number of hedge funds have recently bought and sold shares of GIFI. Renaissance Technologies LLC grew its holdings in Gulf Island Fabrication by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 578,424 shares of the oil and gas company’s stock valued at $3,511,000 after buying an additional 10,170 shares during the period. Dimensional Fund Advisors LP grew its holdings in Gulf Island Fabrication by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 544,581 shares of the oil and gas company’s stock valued at $3,306,000 after purchasing an additional 22,042 shares during the period. Glenorchy Capital Ltd grew its holdings in Gulf Island Fabrication by 24.5% in the third quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company’s stock valued at $1,681,000 after purchasing an additional 58,622 shares during the period. De Lisle Partners LLP increased its position in Gulf Island Fabrication by 14.2% during the third quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company’s stock worth $1,344,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Factorial Partners LLC raised its stake in Gulf Island Fabrication by 10.3% during the third quarter. Factorial Partners LLC now owns 219,673 shares of the oil and gas company’s stock worth $1,239,000 after purchasing an additional 20,437 shares during the period. 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.