Great Lakes Dredge Dock traded at $16.95 this Wednesday February 11th, increasing $0.81 or 5.02 percent since the previous trading session. Looking back, over the last four weeks, Great Lakes Dredge Dock gained 24.91 percent. Over the last 12 months, its price rose by 51.07 percent. Looking ahead, we forecast Great Lakes Dredge Dock to be priced at 8.06 by the end of this quarter and at 7.34 in one year, according to Trading Economics global macro models projections and analysts expectations.
Great Lakes Dredge & Dock Corporation (Great Lakes) 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. Its dredging generally 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. Domestically, its work generally is performed in coastal waterways and deep-water ports. Its United States dredging market consists of four primary types of work: capital, coastal protection, maintenance and rivers and lakes. It operates three principal types of dredging equipment: hopper dredges, hydraulic dredges and mechanical dredges. Its domestic dredging fleet is positioned on the East and Gulf Coasts, with a smaller number of vessels positioned on the West Coast, and with many of the rivers and lakes dredges on inland rivers and lakes.