Gulf Marine Services (LON:GMS) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Gulf Marine Services PLC (LON:GMS) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 18.15 and traded as low as GBX 14.82. Gulf Marine Services shares last traded at GBX 15.24, with a volume of 1,397,781 shares traded.

Gulf Marine Services Stock Performance

The firm has a market cap of £175.59 million, a P/E ratio of 4.92 and a beta of 1.90. The company has a current ratio of 0.16, a quick ratio of 0.80 and a debt-to-equity ratio of 72.38. The company’s 50-day moving average is GBX 15.97 and its two-hundred day moving average is GBX 18.15.

Insider Buying and Selling at Gulf Marine Services

In related news, insider Mansour Al Alami bought 129,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were bought at an average price of GBX 16 per share, with a total value of £20,640. 0.50% of the stock is owned by corporate 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 14 SESVs is amongst the youngest in the industry, with an average age of eight years.