Gulf Marine Services (LON:GMS) Stock Price Up 10.8% – Here’s Why

Shares of Gulf Marine Services PLC (LON:GMS) shot up 10.8% during trading on Thursday . The company traded as high as GBX 17.45 ($0.22) and last traded at GBX 17.28 ($0.22). 15,902,343 shares were traded during mid-day trading, an increase of 171% from the average session volume of 5,876,192 shares. The stock had previously closed at GBX 15.60 ($0.19).

Gulf Marine Services Trading Up 0.6 %

The company has a market capitalization of £188.32 million, a price-to-earnings ratio of 586.67 and a beta of 1.90. The company has a current ratio of 0.16, a quick ratio of 0.80 and a debt-to-equity ratio of 71.75. The business’s 50 day moving average price is GBX 15.76 and its two-hundred day moving average price is GBX 16.63.

Insiders Place Their Bets

In other news, insider Charbel El Khoury acquired 13,455 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of GBX 15 ($0.19) per share, with a total value of £2,018.25 ($2,519.98). Insiders own 51.56% of the company’s stock.

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