Gulf Island Fabrication (NASDAQ:GIFI) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Gulf Island Fabrication (NASDAQ:GIFI) from a hold rating to a buy rating in a research note published on Thursday.

Gulf Island Fabrication Stock Up 0.9 %

NASDAQ:GIFI opened at $6.50 on Thursday. Gulf Island Fabrication has a 1 year low of $5.12 and a 1 year high of $7.93. The stock has a 50-day moving average price of $6.72 and a two-hundred day moving average price of $6.45. The stock has a market cap of $106.25 million, a price-to-earnings ratio of 6.19 and a beta of 0.51. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GIFI. Jane Street Group LLC bought a new stake in Gulf Island Fabrication in the 4th quarter valued at $83,000. Perritt Capital Management Inc lifted its holdings in shares of 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 in the last quarter. Empowered Funds LLC acquired a new position in shares of Gulf Island Fabrication during the fourth quarter worth about $180,000. Marshall Wace LLP bought a new position in shares of Gulf Island Fabrication during the fourth quarter worth about $219,000. Finally, 4WEALTH Advisors Inc. acquired a new stake in Gulf Island Fabrication in the 4th quarter valued at approximately $261,000. Institutional investors own 46.40% of the company’s stock.

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.