Gulf Marine Services (LON:GMS) Trading Up 10.8% – Should You Buy?

Gulf Marine Services PLC (LON:GMS) shares shot 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). 15,902,343 shares changed hands during mid-day 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 quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 71.75. The company’s 50-day moving average is GBX 15.80 and its 200-day moving average is GBX 16.63. 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 Activity

In other Gulf Marine Services news, insider Charbel El Khoury bought 13,455 shares of Gulf Marine Services stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of GBX 15 ($0.18) per share, for a total transaction of £2,018.25 ($2,484.61). Corporate 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.