Gulf Marine Services (LON:GMS) Shares Up 11.7% – What’s Next?

Shares of Gulf Marine Services PLC (LON:GMS) were up 11.7% on Thursday . The company traded as high as GBX 17.45 ($0.21) and last traded at GBX 17.42 ($0.21). Approximately 16,330,703 shares were traded during trading, an increase of 177% from the average daily volume of 5,902,964 shares. The stock had previously closed at GBX 15.60 ($0.19).

Gulf Marine Services Trading Up 11.7 %

The company has a current ratio of 0.16, a quick ratio of 0.80 and a debt-to-equity ratio of 71.75. The company has a market capitalization of £186.37 million, a PE ratio of 580.60 and a beta of 1.90. The company has a fifty day simple moving average of GBX 15.80 and a 200-day simple moving average of GBX 16.63.

Insider Transactions at Gulf Marine Services

In other Gulf Marine Services news, insider Charbel El Khoury acquired 13,455 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost 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 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.