Gulf Marine Services (LON:GMS) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Gulf Marine Services PLC (LON:GMS) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 15.97 ($0.20) and traded as high as GBX 19.64 ($0.24). Gulf Marine Services shares last traded at GBX 19.30 ($0.24), with a volume of 6,092,021 shares.

Gulf Marine Services Trading Down 2.7 %

The stock has a fifty day simple moving average of GBX 15.97 and a 200 day simple moving average of GBX 16.67. The firm has a market capitalization of £200.98 million, a P/E ratio of 626.10 and a beta of 1.90. The company has a quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 71.75.

Insider Buying and Selling

In related news, insider Charbel El Khoury bought 13,455 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,494.13). 51.56% of the stock is currently owned by company 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.