Gulf Marine Services (LON:GMS) Hits New 1-Year High – Here’s Why

Gulf Marine Services PLC (LON:GMS) reached a new 52-week high on Tuesday . The stock traded as high as GBX 24.25 and last traded at GBX 24.15, with a volume of 1201697 shares changing hands. The stock had previously closed at GBX 24.05.

Gulf Marine Services Stock Performance

The business has a 50-day simple moving average of GBX 19.27 and a 200 day simple moving average of GBX 17.89. The company has a debt-to-equity ratio of 72.38, a current ratio of 0.16 and a quick ratio of 0.80. The firm has a market cap of £278.25 million, a PE ratio of 7.79 and a beta of 1.90.

Gulf Marine Services Company Profile

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 14 SESVs is amongst the youngest in the industry, with an average age of eight years.