Gulf Marine Services (LON:GMS) Trading Up 10.8% – Here’s What Happened

Gulf Marine Services PLC (LON:GMS) shares traded up 10.8% during trading on Thursday . The stock traded as high as GBX 17.45 ($0.21) and last traded at GBX 17.28 ($0.21). 15,902,343 shares changed hands 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 Trading Up 11.9 %

The company has a 50 day moving average of GBX 15.80 and a 200 day moving average of GBX 16.63. 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 stock has a market capitalization of £186.72 million, a price-to-earnings ratio of 581.67 and a beta of 1.90.

Insider Transactions at Gulf Marine Services

In related news, insider Charbel El Khoury bought 13,455 shares of the stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of GBX 15 ($0.18) per share, for a total transaction of £2,018.25 ($2,484.61). Insiders own 51.56% of the company’s stock.

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.