Gulf Marine Services (LON:GMS) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Gulf Marine Services PLC (LON:GMS) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 17.08 ($0.21) and traded as low as GBX 15.15 ($0.19). Gulf Marine Services shares last traded at GBX 15.85 ($0.20), with a volume of 1,437,023 shares trading hands.

Gulf Marine Services Stock Down 1.6 %

The firm has a market capitalization of £166.92 million, a PE ratio of 520.00 and a beta of 1.90. The business’s fifty day moving average price is GBX 16.82 and its 200 day moving average price is GBX 17.05. The company has a quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 71.75.

Insider Activity at Gulf Marine Services

In other news, insider Charbel El Khoury acquired 13,455 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,529.14). 51.56% of the stock is currently owned by insiders.

About Gulf Marine Services

Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe. It operates through K-Class Vessels, S-Class Vessels, and E-Class Vessels segments. The company offers offshore construction and heavy lifting, accommodation and hotel, well intervention and work over operations, and manpower services for oil and gas industry; and platform maintenance and commissioning, turbine maintenance and commissioning, hotel, crane, and offshore crew transfer services to renewables industry.