Zacks Investment Research Lowers GulfMark Offshore, Inc. (GLFM) to Hold

Zacks Investment Research downgraded shares of GulfMark Offshore, Inc. (NASDAQ:GLFM) from a buy rating to a hold rating in a research note issued to investors on Monday, April 24th.

According to Zacks, “GulfMark Offshore, Inc. is a corporation that provides offshore marine services primarily to companies involved in offshore exploration and production of oil and natural gas. Their vessels transport drilling materials, supplies and personnel to offshore facilities, as well as move and position drilling structures. “

Shares of GulfMark Offshore (NASDAQ:GLFM) opened at 0.195 on Monday. The firm’s market cap is $5.29 million. GulfMark Offshore has a 1-year low of $0.11 and a 1-year high of $4.64. The company’s 50-day moving average price is $0.27 and its 200 day moving average price is $1.04.

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About GulfMark Offshore

GulfMark Offshore, Inc provides offshore marine support and transportation services. The Company offers these services to companies engaged in the offshore exploration and production of oil and natural gas. The Company operates in three segments: the North Sea (N. Sea), Southeast Asia (SEA) and the Americas.

12 Month Chart for NASDAQ:GLFM

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