Gulf Marine Services (LON:GMS) Shares Cross Below 200 Day Moving Average – What’s Next?

Gulf Marine Services PLC (LON:GMSGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 19 and traded as low as GBX 17.66. Gulf Marine Services shares last traded at GBX 18.18, with a volume of 17,217,666 shares changing hands.

Gulf Marine Services Trading Down 0.9%

The company has a quick ratio of 0.80, a current ratio of 0.55 and a debt-to-equity ratio of 56.33. The firm’s 50 day moving average is GBX 18.73 and its two-hundred day moving average is GBX 18.97. The stock has a market cap of £212.69 million, a price-to-earnings ratio of 11.26 and a beta of 0.65.

About Gulf Marine Services

(Get Free Report)

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.

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