Gulf Island Fabrication (NASDAQ:GIFI) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.67 and traded as high as $7.04. Gulf Island Fabrication shares last traded at $7.00, with a volume of 49,271 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Gulf Island Fabrication from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th.

Gulf Island Fabrication Stock Performance

The company has a quick ratio of 4.76, a current ratio of 4.90 and a debt-to-equity ratio of 0.18. The stock has a market cap of $114.35 million, a price-to-earnings ratio of 9.53 and a beta of 0.22. The company's 50-day simple moving average is $6.60 and its 200-day simple moving average is $6.67.

Gulf Island Fabrication (NASDAQ:GIFI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.15. The firm had revenue of $40.27 million for the quarter, compared to analyst estimates of $36.50 million. Gulf Island Fabrication had a net margin of 7.87% and a return on equity of 13.50%.

Hedge Funds Weigh In On Gulf Island Fabrication

Several institutional investors and hedge funds have recently added to or reduced their stakes in GIFI. Connor Clark & Lunn Investment Management Ltd. grew its position in Gulf Island Fabrication by 14.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,594 shares of the oil and gas company's stock worth $324,000 after purchasing an additional 6,187 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Gulf Island Fabrication by 5.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 39,900 shares of the oil and gas company's stock valued at $272,000 after buying an additional 2,000 shares during the period. Heron Bay Capital Management boosted its stake in shares of Gulf Island Fabrication by 29.1% during the 4th quarter. Heron Bay Capital Management now owns 51,863 shares of the oil and gas company's stock valued at $353,000 after buying an additional 11,678 shares during the period. Perritt Capital Management Inc boosted its stake in shares of Gulf Island Fabrication by 25.0% during the 4th quarter. Perritt Capital Management Inc now owns 25,000 shares of the oil and gas company's stock valued at $170,000 after buying an additional 5,000 shares during the period. Finally, Aristides Capital LLC boosted its stake in shares of Gulf Island Fabrication by 4.7% during the 4th quarter. Aristides Capital LLC now owns 71,223 shares of the oil and gas company's stock valued at $485,000 after buying an additional 3,201 shares during the period. 46.40% of the stock is currently owned by hedge funds and other 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.