Gulf Island Fabrication (NASDAQ:GIFI) Stock Price Passes Above 200 Day Moving Average - What's Next?

Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.68 and traded as high as $6.82. Gulf Island Fabrication shares last traded at $6.65, with a volume of 31,963 shares changing hands.

Analyst Upgrades and Downgrades

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 Down 0.3%

The firm has a 50 day moving average price of $6.61 and a 200-day moving average price of $6.67. The firm has a market cap of $110.30 million, a price-to-earnings ratio of 9.19 and a beta of 0.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.90 and a quick ratio of 4.76.

Gulf Island Fabrication (NASDAQ:GIFI - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.15. The company had revenue of $40.27 million for the quarter, compared to the consensus estimate 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 large investors have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in Gulf Island Fabrication by 6.2% during the 1st quarter. Empowered Funds LLC now owns 28,144 shares of the oil and gas company's stock worth $182,000 after acquiring an additional 1,654 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Gulf Island Fabrication by 13.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,844 shares of the oil and gas company's stock worth $96,000 after purchasing an additional 1,766 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Gulf Island Fabrication by 5.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 39,900 shares of the oil and gas company's stock worth $272,000 after purchasing an additional 2,000 shares during the period. Aristides Capital LLC grew its stake in shares of Gulf Island Fabrication by 4.7% during the fourth quarter. Aristides Capital LLC now owns 71,223 shares of the oil and gas company's stock worth $485,000 after purchasing an additional 3,201 shares during the period. Finally, Perritt Capital Management Inc increased its holdings in Gulf Island Fabrication by 25.0% in the fourth quarter. Perritt Capital Management Inc now owns 25,000 shares of the oil and gas company's stock valued at $170,000 after purchasing an additional 5,000 shares during the last quarter. 46.40% of the stock is currently owned by institutional investors and hedge funds.

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.