Gulf Island Fabrication (NASDAQ:GIFI) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.23 and traded as high as $11.94. Gulf Island Fabrication shares last traded at $11.9350, with a volume of 35,895 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Gulf Island Fabrication in a research note on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Gulf Island Fabrication Stock Performance

The company’s fifty day moving average price is $10.63 and its two-hundred day moving average price is $8.26. 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 firm has a market capitalization of $190.96 million, a PE ratio of 21.70 and a beta of 0.39.

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

Hedge Funds Weigh In On Gulf Island Fabrication

Several large investors have recently modified their holdings of GIFI. Empowered Funds LLC increased its stake in Gulf Island Fabrication by 6.2% during the first quarter. Empowered Funds LLC now owns 28,144 shares of the oil and gas company’s stock valued at $182,000 after purchasing an additional 1,654 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Gulf Island Fabrication by 13.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,844 shares of the oil and gas company’s stock valued at $96,000 after purchasing an additional 1,766 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Gulf Island Fabrication by 1.9% in the second quarter. Bridgeway Capital Management LLC now owns 118,849 shares of the oil and gas company’s stock worth $790,000 after purchasing an additional 2,257 shares during the period. Ritholtz Wealth Management increased its stake in Gulf Island Fabrication by 26.8% during the 2nd quarter. Ritholtz Wealth Management now owns 48,357 shares of the oil and gas company’s stock valued at $322,000 after buying an additional 10,218 shares during the period. Finally, GSA Capital Partners LLP raised its position in shares of Gulf Island Fabrication by 50.2% during the 3rd quarter. GSA Capital Partners LLP now owns 30,776 shares of the oil and gas company’s stock worth $216,000 after buying an additional 10,290 shares in the last quarter. Institutional investors own 46.40% of the company’s stock.

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.