Gulf Marine Services (LON:GMS) Shares Down 7.6% – What’s Next?

Gulf Marine Services PLC (LON:GMS)’s stock price traded down 7.6% during mid-day trading on Tuesday . The company traded as low as GBX 16.20 ($0.22) and last traded at GBX 16.82 ($0.23). 11,221,179 shares changed hands during mid-day trading, an increase of 331% from the average session volume of 2,605,798 shares. The stock had previously closed at GBX 18.20 ($0.25).

Gulf Marine Services Price Performance

The stock has a market capitalization of £191.14 million, a P/E ratio of 489.38 and a beta of 1.90. The stock’s fifty day moving average is GBX 19.46 and its 200-day moving average is GBX 18.70. The company has a debt-to-equity ratio of 72.38, a current ratio of 0.16 and a quick ratio of 0.80.

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.