Gulf Marine Services (LON:GMS) Trading 10.8% Higher – Should You Buy?

Shares of Gulf Marine Services PLC (LON:GMS) shot up 10.8% during trading on Thursday . The stock 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 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 Stock Performance

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 firm has a market capitalization of £188.32 million, a P/E ratio of 586.67 and a beta of 1.90. The business’s 50 day simple moving average is GBX 15.76 and its two-hundred day simple moving average is GBX 16.63.

Insider Activity at Gulf Marine Services

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

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.