Gulf Marine Services (LON:GMS) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Gulf Marine Services PLC (LON:GMS) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 16.82 ($0.22) and traded as low as GBX 16.28 ($0.21). Gulf Marine Services shares last traded at GBX 16.95 ($0.22), with a volume of 2,985,563 shares traded.

Gulf Marine Services Stock Performance

The company has a quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 72.38. The business has a 50 day simple moving average of GBX 17.03 and a two-hundred day simple moving average of GBX 16.82. The firm has a market cap of £225.46 million, a PE ratio of 5.87 and a beta of 1.90.

Insider Activity

In other Gulf Marine Services news, insider Charbel El Khoury purchased 13,455 shares of the stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of GBX 15 ($0.19) per share, with a total value of £2,018.25 ($2,607.90). 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.