Gulf Marine Services (LON:GMS) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Gulf Marine Services PLC (LON:GMS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 16.82 ($0.22) and traded as low as GBX 16.28 ($0.21). Gulf Marine Services shares last traded at GBX 16.95 ($0.22), with a volume of 2,985,563 shares trading hands.

Gulf Marine Services Trading Down 0.9 %

The business’s 50 day simple moving average is GBX 17.03 and its 200 day simple moving average is GBX 16.82. The company has a quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 72.38. The stock has a market cap of £225.46 million, a price-to-earnings ratio of 5.87 and a beta of 1.90.

Insider Buying and Selling at Gulf Marine Services

In other news, insider Charbel El Khoury purchased 13,455 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,607.90). Insiders own 51.56% of the company’s stock.

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.