Gulf Marine Services (LON:GMS) Shares Pass Above 50 Day Moving Average – Should You Sell?

Gulf Marine Services PLC (LON:GMSGet Free Report)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 18.93 and traded as high as GBX 19.40. Gulf Marine Services shares last traded at GBX 18.54, with a volume of 890,753 shares trading hands.

Gulf Marine Services Stock Performance

The company has a 50-day moving average of GBX 18.93 and a 200 day moving average of GBX 19.87. The company has a quick ratio of 0.80, a current ratio of 0.69 and a debt-to-equity ratio of 51.24. The firm has a market capitalization of £213.61 million, a PE ratio of 11.30 and a beta of 0.66.

About Gulf Marine Services

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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.

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