Several brokerages have updated their recommendations and price targets on shares of Great Lakes Dredge & Dock (NASDAQ: GLDD) in the last few weeks:

  • 2/5/2018 – Great Lakes Dredge & Dock was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/25/2018 – Great Lakes Dredge & Dock is now covered by analysts at Noble Financial. They set a “buy” rating and a $7.50 price target on the stock.
  • 1/25/2018 – Great Lakes Dredge & Dock was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/19/2018 – Great Lakes Dredge & Dock was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/10/2018 – Great Lakes Dredge & Dock was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/31/2017 – Great Lakes Dredge & Dock had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald.

Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) traded down $0.10 during trading on Thursday, reaching $4.30. 228,035 shares of the company’s stock traded hands, compared to its average volume of 217,282. The company has a current ratio of 2.02, a quick ratio of 1.74 and a debt-to-equity ratio of 1.85. Great Lakes Dredge & Dock Co. has a 12-month low of $3.60 and a 12-month high of $5.70. The company has a market capitalization of $268.29, a PE ratio of -8.96 and a beta of 0.66.

In other Great Lakes Dredge & Dock news, Director Robert B. Uhler purchased 5,320 shares of the company’s stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $4.73 per share, for a total transaction of $25,163.60. Following the completion of the transaction, the director now owns 128,161 shares in the company, valued at $606,201.53. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.24% of the stock is currently owned by insiders.

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.

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