Gulf Marine Services PLC (LON:GMS – Get Free Report)’s stock price was up 11.7% during mid-day 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 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 Stock Up 11.7 %
The stock has a 50 day simple moving average of GBX 15.80 and a 200-day simple moving average of GBX 16.63. The firm has a market cap of £186.37 million, a PE ratio of 580.60 and a beta of 1.90. The company has a debt-to-equity ratio of 71.75, a current ratio of 0.16 and a quick ratio of 0.80.
Insider Buying and Selling at Gulf Marine Services
In related news, insider Charbel El Khoury acquired 13,455 shares of the stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of GBX 15 ($0.18) per share, for a total transaction of £2,018.25 ($2,484.61). 51.56% of the stock is owned by company insiders.
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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