Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
Great Lakes Dredge & Dock Trading Up 4.0 %
Great Lakes Dredge & Dock stock traded up $0.33 during midday trading on Thursday, hitting $8.62. 320,840 shares of the stock were exchanged, compared to its average volume of 390,800. Great Lakes Dredge & Dock has a fifty-two week low of $6.11 and a fifty-two week high of $9.78. The stock has a market capitalization of $577.63 million, a price-to-earnings ratio of 15.12, a PEG ratio of 0.33 and a beta of 1.14. The stock’s 50-day simple moving average is $8.90 and its 200 day simple moving average is $8.36. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 0.93.
Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The construction company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.25. Great Lakes Dredge & Dock had a net margin of 6.05% and a return on equity of 8.83%. The firm had revenue of $198.66 million during the quarter, compared to analysts’ expectations of $176.45 million. On average, equities analysts anticipate that Great Lakes Dredge & Dock will post 0.72 EPS for the current year.
Institutional Investors Weigh In On Great Lakes Dredge & Dock
About Great Lakes Dredge & Dock
Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.
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