Gulf Marine Services (LON:GMS) Trading 12.2% Higher – Here’s Why

Gulf Marine Services PLC (LON:GMS)’s stock price shot up 12.2% during trading on Friday . The company traded as high as GBX 17.83 ($0.22) and last traded at GBX 17.50 ($0.22). 19,376,670 shares were traded during mid-day trading, an increase of 218% from the average session volume of 6,093,337 shares. The stock had previously closed at GBX 15.60 ($0.19).

Gulf Marine Services Stock Up 1.4 %

The company has a debt-to-equity ratio of 71.75, a current ratio of 0.16 and a quick ratio of 0.80. The firm’s 50 day moving average price is GBX 15.76 and its two-hundred day moving average price is GBX 16.62. The firm has a market cap of £189.93 million, a price-to-earnings ratio of 591.67 and a beta of 1.90.

Insider Buying and Selling at Gulf Marine Services

In other news, insider Charbel El Khoury acquired 13,455 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,492.90). 51.56% of the stock is 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.