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GLDD - Great Lakes Dredge & Dock: A Good Opportunity With Minimal Downside Risk
Great Lakes Dredge & Dock Corporation
2024-02-24 04:21:35 ET
Summary
GLDD recently posted improved financial results for Q4 FY23, with increased contract revenues and improved margins.
Despite lower annual revenue in FY23 compared to FY22, profitability improved significantly due to cost reduction actions.
Technical analysis suggests that now is a good time to accumulate the stock, as it is trading near strong support levels and shows potential for a trend change.