Gulf Marine Services (LON:GMS) Stock Price Up 11.7% – Still a Buy?

Gulf Marine Services PLC (LON:GMS) shares shot up 11.7% during trading on Thursday . The company traded as high as GBX 17.45 ($0.21) and last traded at GBX 17.42 ($0.21). 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 11.7 %

The business’s fifty day simple moving average is GBX 15.80 and its 200 day simple moving average is GBX 16.63. The company has a current ratio of 0.16, a quick ratio of 0.80 and a debt-to-equity ratio of 71.75. The stock has a market cap of £186.37 million, a price-to-earnings ratio of 580.60 and a beta of 1.90.

Insider Transactions at Gulf Marine Services

In related news, insider Charbel El Khoury acquired 13,455 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of GBX 15 ($0.18) per share, with a total value of £2,018.25 ($2,484.61). 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.