Gulf Marine Services (LON:GMS) Shares Up 12.2% – Time to Buy?

Shares of Gulf Marine Services PLC (LON:GMS) traded up 12.2% during mid-day trading on Thursday . The stock traded as high as GBX 17.83 ($0.22) and last traded at GBX 17.50 ($0.22). 19,376,670 shares changed hands during trading, an increase of 218% from the average session volume of 6,093,337 shares. The stock had previously closed at GBX 15.60 ($0.19).

Gulf Marine Services Stock Performance

The company’s fifty day moving average price is GBX 15.76 and its two-hundred day moving average price is GBX 16.62. The firm has a market capitalization of £187.25 million, a PE ratio of 583.33 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.

Insider Transactions at Gulf Marine Services

In other news, insider Charbel El Khoury bought 13,455 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of GBX 15 ($0.18) per share, for a total transaction of £2,018.25 ($2,484.61). Company 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.