Gulf Marine Services PLC (LON:GMS – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 18.32 and traded as low as GBX 16.64. Gulf Marine Services shares last traded at GBX 16.92, with a volume of 1,128,281 shares changing hands.
Gulf Marine Services Price Performance
The company has a debt-to-equity ratio of 72.38, a quick ratio of 0.80 and a current ratio of 0.16. The stock’s 50-day moving average is GBX 16.54 and its 200 day moving average is GBX 18.32. The stock has a market capitalization of £197.48 million, a PE ratio of 5.53 and a beta of 1.90.
Insider Transactions at Gulf Marine Services
In other news, insider Mansour Al Alami purchased 129,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The shares were purchased at an average price of GBX 16 per share, for a total transaction of £20,640. 0.50% of the stock is owned by corporate 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 14 SESVs is amongst the youngest in the industry, with an average age of eight years.
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