![]() Additionally, the quick ratio of 0.96 suggests limited ability to cover short-term obligations should they arise unexpectedly.įurthermore, Great Lakes Dredge & Dock currently maintains a debt-to-equity ratio of 1.02 which may limit its financial flexibility during difficult times in the industry or during economic downturns. One key factor is the current ratio of 1.28 which falls short of the desired target ratio of 2:1 indicating potential financial instability for the company. ![]() However, despite these seemingly favorable metrics for investors, there are several factors that may be contributing to the company’s recent downgrade. ![]() The company has a market cap of $388.56 million, a P/E ratio of -8.01, and a beta of 0.97 indicating low volatility in the stock’s price movements. Shares of Great Lakes Dredge & Dock stock opened at $5.85 on Tuesday with a 50-day moving average price of $5.44 and a 200 day moving average price of $6.23. Investors were issued a research note on Tuesday, May 9th, detailing the change in sentiment towards this leading company in the dredging and land reclamation industry. The equities research analysts at have recently upgraded Great Lakes Dredge & Dock (NASDAQ:GLDD) to a “sell” rating. Great Lakes Dredge & Dock Upgraded to “Sell” Rating, Future Uncertain
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