Glenorchy Capital Ltd acquired a new position in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm acquired 194,098 shares of the oil and gas company’s stock, valued at approximately $840,000.
Gulf Island Fabrication Trading Up 1.6 %
Shares of Gulf Island Fabrication stock traded up $0.11 during mid-day trading on Tuesday, hitting $6.90. The stock had a trading volume of 57,990 shares, compared to its average volume of 79,208. Gulf Island Fabrication, Inc. has a 12-month low of $2.95 and a 12-month high of $7.93. The company has a quick ratio of 3.34, a current ratio of 3.40 and a debt-to-equity ratio of 0.24. The firm has a market cap of $111.78 million, a P/E ratio of -4.60 and a beta of 0.46. The firm has a 50-day moving average of $6.20 and a two-hundred day moving average of $4.94.
Gulf Island Fabrication (NASDAQ:GIFI – Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter. Gulf Island Fabrication had a negative return on equity of 27.29% and a negative net margin of 16.15%. The firm had revenue of $44.55 million during the quarter.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on GIFI
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.
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