Gulf Marine Services PLC (LON:GMS – Get Free Report) traded up 12.2% during trading on Thursday . The stock traded as high as GBX 17.83 ($0.22) and last traded at GBX 17.50 ($0.22). 19,376,670 shares were traded during trading, an increase of 218% from the average session volume of 6,093,337 shares. The stock had previously closed at GBX 15.60 ($0.19).
Gulf Marine Services Stock Performance
The company has a debt-to-equity ratio of 71.75, a quick ratio of 0.80 and a current ratio of 0.16. The firm’s 50-day moving average price is GBX 15.76 and its two-hundred day moving average price is GBX 16.62. The stock has a market cap of £187.25 million, a price-to-earnings ratio of 583.33 and a beta of 1.90.
Insider Buying and Selling at Gulf Marine Services
In other Gulf Marine Services news, insider Charbel El Khoury purchased 13,455 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of GBX 15 ($0.18) per share, for a total transaction of £2,018.25 ($2,484.61). 51.56% of the stock is currently owned by company insiders.
About Gulf Marine Services
Gulf Marine Services PLC was founded in Abu Dhabi in 1977 and has become a world leading provider of advanced self-propelled self-elevating support vessels (SESVs). The fleet serves the oil, gas and renewable energy industries from its offices in the United Arab Emirates, Saudi Arabia and Qatar. The Group’s assets are capable of serving clients’ requirements across the globe, including those in the Middle East, South East Asia, West Africa, North America, the Gulf of Mexico and Europe.
The GMS fleet of 13 SESVs is amongst the youngest in the industry, with an average age of eight years.
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