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

Gulf Island Fabrication, Inc. (NASDAQ:GIFI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Gulf Island Fabrication in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Gulf Island Fabrication Trading Up 0.2%

The business has a 50 day moving average of $11.08 and a 200-day moving average of $8.44. The company has a current ratio of 3.54, a quick ratio of 3.46 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $191.52 million, a P/E ratio of 21.76 and a beta of 0.41.

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

Hedge Funds Weigh In On Gulf Island Fabrication

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

About Gulf Island Fabrication

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.