Gulf Marine Services (LON:GMS) Shares Up 11.7% – Time to Buy?

by · The Markets Daily

Shares of Gulf Marine Services PLC (LON:GMS – Get Free Report) traded up 11.7% during mid-day trading on Tuesday . The company traded as high as GBX 18.12 and last traded at GBX 18.12. 6,576,261 shares were traded during trading, an increase of 172% from the average session volume of 2,414,826 shares. The stock had previously closed at GBX 16.22.

Gulf Marine Services Price Performance

The company has a debt-to-equity ratio of 72.38, a current ratio of 0.16 and a quick ratio of 0.80. The firm has a market capitalization of £216.38 million, a P/E ratio of 6.06 and a beta of 1.90. The company’s 50 day moving average price is GBX 15.95 and its 200 day moving average price is GBX 17.67.

Gulf Marine Services Company Profile

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

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