Gulf Marine Services PLC (LON:GMS – Get Free Report)’s share price fell 7.7% on Wednesday . The stock traded as low as GBX 16.20 ($0.22) and last traded at GBX 16.80 ($0.23). 22,218,996 shares changed hands during mid-day trading, an increase of 732% from the average session volume of 2,669,004 shares. The stock had previously closed at GBX 18.20 ($0.25).
Gulf Marine Services Stock Performance
The company has a debt-to-equity ratio of 72.38, a current ratio of 0.16 and a quick ratio of 0.80. The firm has a market cap of £198.17 million, a price-to-earnings ratio of 507.37 and a beta of 1.90. The company has a fifty day moving average price of GBX 19.41 and a two-hundred day moving average price of GBX 18.69.
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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