NEW YORK ( TheStreet) -- Gulf Island Fabrication (Nasdaq: GIFI) hit a new 52-week high Friday as it is currently trading at $35.96, above its previous 52-week high of $35.85 with 79,946 shares traded as of 1:41 p.m. ET. Average volume has been 82,200 shares over the past 30 days.

Gulf Island Fabrication has a market cap of $478.2 million and is part of the basic materials sector and energy industry. Shares are up 21.4% year to date as of the close of trading on Thursday.

Gulf Island Fabrication, Inc. operates as a fabricator of offshore drilling and production platforms, hull and deck sections of floating production platforms, and other specialized structures used in the development and production of offshore oil and gas reserves. The company has a P/E ratio of 333.3, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Gulf Island Fabrication as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Gulf Island Fabrication Ratings Report.

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