Gulf Marine Services PLC (LON:GMS – Get Free Report)’s stock price was up 12.2% during mid-day trading on Thursday . The company traded as high as GBX 17.83 ($0.22) and last traded at GBX 17.50 ($0.22). Approximately 15,847,470 shares were traded during trading, an increase of 170% from the average daily volume of 5,872,762 shares. The stock had previously closed at GBX 15.60 ($0.19).
Gulf Marine Services Trading Up 0.6 %
The company has a debt-to-equity ratio of 71.75, a quick ratio of 0.80 and a current ratio of 0.16. The firm has a 50-day moving average of GBX 15.76 and a 200-day moving average of GBX 16.63. The firm has a market capitalization of £188.32 million, a P/E ratio of 586.67 and a beta of 1.90.
Insider Activity at Gulf Marine Services
In related news, insider Charbel El Khoury acquired 13,455 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were acquired at an average cost of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,519.98). 51.56% of the stock is currently owned by company 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 13 SESVs is amongst the youngest in the industry, with an average age of eight years.
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