Gulf Marine Services PLC (LON:GMS – Get Free Report) was up 12.2% on Thursday . The company traded as high as GBX 17.83 ($0.22) and last traded at GBX 17.50 ($0.22). Approximately 19,376,670 shares changed hands during mid-day trading, an increase of 218% from the average daily volume of 6,093,337 shares. The stock had previously closed at GBX 15.60 ($0.19).
Gulf Marine Services Stock Performance
The company has a market cap of £187.25 million, a PE ratio of 583.33 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 stock’s 50-day simple moving average is GBX 15.76 and its 200 day simple moving average is GBX 16.62.
Insiders Place Their Bets
In other news, insider Charbel El Khoury purchased 13,455 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average price of GBX 15 ($0.18) per share, with a total value of £2,018.25 ($2,484.61). 51.56% of the stock is currently owned by company 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.
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