Gulf Marine Services (LON:GMS) Trading Up 11.7% – Time to Buy?

Gulf Marine Services PLC (LON:GMS)’s share price rose 11.7% during trading 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 traded hands during mid-day 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 firm has a market cap of £186.37 million, a P/E ratio of 580.60 and a beta of 1.90. The stock has a fifty day simple moving average of GBX 15.80 and a 200 day simple moving average of GBX 16.63. The company has a debt-to-equity ratio of 71.75, a quick ratio of 0.80 and a current ratio of 0.16.

Insiders Place Their Bets

In other 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 price of GBX 15 ($0.18) per share, with a total value of £2,018.25 ($2,484.61). Corporate insiders own 51.56% of the company’s stock.

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.