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Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) moves up sharply

Boston, MA 05/17/2013 (wallstreetpr) – Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) closed up to $8.13 after gaining 6.00% during the day and hitting its day’s high of $8.39 and a low of $7.95. The average shares floated during the last 3 months were 0.713 million, and in the previous session 1.51 million shares exchanged hands. The earnings per share of the company for the year 2011 was $0.28 and fell by 116.32% in the previous year to stand at -$0.05, it is expected the growth in the earnings per share to be 62.50% in the next year.

The company has shown a growth in its sales over the past five years which has grown by 5.92%. The quarter on quarter growth in the sales is 30.60%. The profit margin of Great Lakes Dredge & Dock is negative of 0.49% reflecting that the company is unable to generate profit from its business operations. The stock is more volatile than the index as reflected from its beta of 1.80. The 200 days moving average of Great Lakes Dredge & Dock is trading above the stocks 50 days moving average which gives a bearish sign to the investors.

Published by Donna Fago

I believe in writing content Informing investors with the knowledge they need to invest better today- I have been following the markets for many years and was asked to join the team at recently due to my passion for the markets.

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