Gulf Marine Services (LON:GMS) Trading Up 8.3% – Still a Buy?

Shares of Gulf Marine Services PLC (LON:GMS) rose 8.3% on Thursday . The company traded as high as GBX 17.25 ($0.21) and last traded at GBX 16.90 ($0.21). Approximately 8,798,766 shares traded hands during trading, an increase of 62% from the average daily volume of 5,432,218 shares. The stock had previously closed at GBX 15.60 ($0.19).

Gulf Marine Services Stock Performance

The company has a 50-day moving average price of GBX 15.80 and a two-hundred day moving average price of GBX 16.63. The company has a quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 71.75. The stock has a market capitalization of £184.79 million, a P/E ratio of 575.67 and a beta of 1.90.

Insider Activity

In other news, insider Charbel El Khoury acquired 13,455 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average cost 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.

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.