Gulf Marine Services PLC (LON:GMS – Get Free Report)’s stock price rose 10.8% on Thursday . The stock traded as high as GBX 17.45 ($0.21) and last traded at GBX 17.28 ($0.21). Approximately 15,902,343 shares were traded 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 Stock Performance
The stock has a market capitalization of £186.72 million, a price-to-earnings ratio of 581.67 and a beta of 1.90. 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’s 50 day moving average is GBX 15.80 and its 200-day moving average is GBX 16.63.
Insider Activity
In related news, insider Charbel El Khoury bought 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, with a total value 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.
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