Gulf Marine Services (LON:GMS) Trading Up 11.7% – Here’s What Happened

Gulf Marine Services PLC (LON:GMS) shares traded up 11.7% during trading on Thursday . The stock traded as high as GBX 17.45 ($0.22) and last traded at GBX 17.42 ($0.22). 16,330,703 shares changed hands during trading, an increase of 177% from the average session volume of 5,902,964 shares. The stock had previously closed at GBX 15.60 ($0.19).

Gulf Marine Services Stock Up 0.6 %

The company has a market capitalization of £188.32 million, a price-to-earnings ratio of 586.67 and a beta of 1.90. The company has a debt-to-equity ratio of 71.75, a quick ratio of 0.80 and a current ratio of 0.16. The business has a 50-day simple moving average of GBX 15.76 and a two-hundred day simple moving average of GBX 16.63.

Insider Buying and Selling

In related news, insider Charbel El Khoury purchased 13,455 shares of Gulf Marine Services stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,519.98). Corporate insiders own 51.56% of the company’s stock.

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 13 SESVs is amongst the youngest in the industry, with an average age of eight years.