Gulf Island Fabrication (NASDAQ:GIFI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.44 and traded as high as $11.98. Gulf Island Fabrication shares last traded at $11.97, with a volume of 50,645 shares.

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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Gulf Island Fabrication Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.46 and a current ratio of 3.54. The company has a market cap of $191.52 million, a price-to-earnings ratio of 21.76 and a beta of 0.41. The firm’s 50-day moving average price is $11.08 and its 200 day moving average price is $8.44.

Gulf Island Fabrication (NASDAQ:GIFI) last announced its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported $0.10 earnings per share for the quarter. Gulf Island Fabrication had a net margin of 5.46% and a return on equity of 11.60%. The business had revenue of $51.54 million for the quarter, compared to analyst estimates of $34.00 million.

Institutional Investors Weigh In On Gulf Island Fabrication

A number of institutional investors have recently made changes to their positions in the stock. Truffle Hound Capital LLC acquired a new position in Gulf Island Fabrication in the second quarter valued at about $1,164,000. Janney Montgomery Scott LLC bought a new stake in shares of Gulf Island Fabrication in the 2nd quarter valued at about $373,000. First Wilshire Securities Management Inc. raised its position in shares of Gulf Island Fabrication by 4.1% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 1,019,169 shares of the oil and gas company’s stock valued at $6,777,000 after acquiring an additional 40,556 shares during the period. Bailard Inc. acquired a new stake in shares of Gulf Island Fabrication in the 2nd quarter valued at approximately $237,000. Finally, Jane Street Group LLC boosted its stake in Gulf Island Fabrication by 208.1% during the 1st quarter. Jane Street Group LLC now owns 37,488 shares of the oil and gas company’s stock worth $242,000 after acquiring an additional 25,321 shares during the last quarter. 46.40% of the stock is owned by institutional investors and hedge funds.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc is a Houston-based engineering and construction company specializing in the design, fabrication and assembly of large-scale structures for the offshore energy industry. The company’s core expertise lies in delivering steel foundations and topside modules for offshore oil and gas platforms, floating production systems and support vessels. By integrating engineering, procurement and construction services, Gulf Island Fabrication offers end-to-end solutions that address the demanding technical and regulatory requirements of deepwater and shallow-water developments.

The company’s product portfolio encompasses jackets, piles, topside decks, hulls, living quarters and utility modules, as well as the assembly of hook-up and commissioning services.