News coverage about Great Lakes Dredge & Dock (NASDAQ:GLDD) has trended positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Great Lakes Dredge & Dock earned a news sentiment score of 0.35 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 45.8088471127689 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of equities analysts have recently commented on GLDD shares. Noble Financial started coverage on shares of Great Lakes Dredge & Dock in a report on Thursday, January 25th. They issued a “buy” rating and a $7.50 price target on the stock. BidaskClub raised shares of Great Lakes Dredge & Dock from a “sell” rating to a “hold” rating in a report on Saturday, March 10th. Zacks Investment Research raised shares of Great Lakes Dredge & Dock from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of Great Lakes Dredge & Dock in a report on Sunday, December 31st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.00.
Shares of GLDD stock traded down $0.10 during trading hours on Friday, hitting $4.35. 235,918 shares of the stock were exchanged, compared to its average volume of 182,923. The company has a market cap of $274.73, a price-to-earnings ratio of -8.53 and a beta of 0.65. Great Lakes Dredge & Dock has a 1 year low of $3.60 and a 1 year high of $5.70. The company has a quick ratio of 1.51, a current ratio of 1.75 and a debt-to-equity ratio of 1.93.
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About Great Lakes Dredge & Dock
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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