Shares of Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) traded down 3.1% on Friday . The stock traded as low as $3.79 and last traded at $3.79, with a volume of 86,378 shares. The stock had previously closed at $3.91.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Great Lakes Dredge & Dock Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday. Imperial Capital lowered shares of Great Lakes Dredge & Dock Corp. from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $5.50 to $4.00 in a report on Monday. Finally, DA Davidson dropped their price objective on shares of Great Lakes Dredge & Dock Corp. from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.50.

The company’s market capitalization is $232.66 million. The firm’s 50 day moving average price is $4.38 and its 200 day moving average price is $4.19.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $192.19 million for the quarter, compared to analyst estimates of $222.13 million. The business’s revenue was down 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. On average, equities research analysts expect that Great Lakes Dredge & Dock Corp. will post ($0.02) EPS for the current year.

In related news, Director Robert B. Uhler purchased 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were acquired at an average price of $4.02 per share, for a total transaction of $140,700.00. Following the purchase, the director now owns 46,116 shares in the company, valued at $185,386.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company provides dredging services in the East, West and Gulf Coasts of the United States and around the world. It operates in two segments: Dredging Operations, which involves enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock, and Environmental & Remediation Operations, which provides construction services on soil, water and sediment for clients in both the public and private sectors in the United States.

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