Gulf Island Fabrication (NASDAQ:GIFI) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.10 and traded as high as $6.99. Gulf Island Fabrication shares last traded at $6.99, with a volume of 31,743 shares changing hands.

Wall Street Analysts Forecast Growth

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

Gulf Island Fabrication Stock Performance

The company’s 50-day moving average price is $6.52 and its two-hundred day moving average price is $6.11. The company has a market capitalization of $113.82 million, a price-to-earnings ratio of 6.63 and a beta of 0.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50.

Gulf Island Fabrication (NASDAQ:GIFI) last released its earnings results on Tuesday, November 5th. The oil and gas company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The business 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%.

Hedge Funds Weigh In On Gulf Island Fabrication

Institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new position in shares of Gulf Island Fabrication during the 2nd quarter worth $73,000. Ritholtz Wealth Management bought a new stake in Gulf Island Fabrication in the second quarter worth $161,000. Squarepoint Ops LLC bought a new stake in shares of Gulf Island Fabrication in the 2nd quarter valued at about $178,000. Marshall Wace LLP bought a new position in Gulf Island Fabrication during the 2nd quarter worth approximately $191,000. Finally, Heron Bay Capital Management purchased a new position in Gulf Island Fabrication in the 2nd quarter worth approximately $234,000. 46.40% of the stock is owned by institutional investors.

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.