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Great Lakes Reports First Quarter 2024 Results
Globe Newswire (Tue, 7-May 8:00 AM ET)
Great Lakes Dredge & Dock Corporation Schedules Announcement of 2024 First Quarter Results
Globe Newswire (Tue, 30-Apr 4:05 PM ET)
Great Lakes Announces New $150,000,000 Second-Lien Financing Agreement
Globe Newswire (Wed, 24-Apr 4:01 PM ET)
Great Lakes Reports Fourth Quarter and Full Year 2023 Results
Globe Newswire (Wed, 14-Feb 8:00 AM ET)
Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. Dredging involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand, or rock. Its project portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.
Great Lakes Dredge & Dock trades on the NASDAQ stock market under the symbol GLDD.
As of May 14, 2024, GLDD stock price climbed to $9.45 with 238,621 million shares trading.
GLDD has a beta of 0.75, meaning it tends to be less sensitive to market movements. GLDD has a correlation of 0.04 to the broad based SPY ETF.
GLDD has a market cap of $633.24 million. This is considered a Small Cap stock.
Last quarter Great Lakes Dredge & Dock reported $199 million in Revenue and $.31 earnings per share. This beat revenue expectation by $25 million and exceeded earnings estimates by $.24.
In the last 3 years, GLDD stock traded as high as $16.27 and as low as $4.75.
The top ETF exchange traded funds that GLDD belongs to (by Net Assets): VTI, IWM, IFRA, VXF, IWN.
GLDD has outperformed the market in the last year with a price return of +57.0% while the SPY ETF gained +28.3%. GLDD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.0% and +33.1%, respectively, while the SPY returned +5.9% and +2.2%, respectively.
GLDD support price is $9.10 and resistance is $9.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GLDD stock will trade within this expected range on the day.