Gulf Marine Services (LON:GMS) Trading 11.7% Higher – Should You Buy?

Gulf Marine Services PLC (LON:GMS) traded up 11.7% 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 traded hands during mid-day 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 Price Performance

The firm has a 50-day moving average of GBX 15.76 and a 200-day moving average of GBX 16.62. 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 firm has a market capitalization of £189.04 million, a P/E ratio of 588.90 and a beta of 1.90.

Insider Transactions at Gulf Marine Services

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 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.

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.