Gulf Marine Services (LON:GMS) Stock Price Up 10.8% – What’s Next?

Gulf Marine Services PLC (LON:GMS)’s share price was up 10.8% during mid-day trading on Thursday . The company traded as high as GBX 17.45 ($0.21) and last traded at GBX 17.28 ($0.21). Approximately 15,902,343 shares traded hands during trading, an increase of 171% from the average daily 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 debt-to-equity ratio of 71.75, a current ratio of 0.16 and a quick ratio of 0.80. The firm has a market capitalization of £186.72 million, a price-to-earnings ratio of 581.67 and a beta of 1.90. The business’s 50 day moving average price is GBX 15.80 and its 200-day moving average price is GBX 16.63.

Insiders Place Their Bets

In related news, insider Charbel El Khoury purchased 13,455 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of GBX 15 ($0.18) per share, for a total transaction of £2,018.25 ($2,484.61). 51.56% of the stock is currently owned by 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.