Gulf Marine Services (LON:GMS) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Gulf Marine Services PLC (LON:GMS – Get Free Report)’s share price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 18.37 and traded as high as GBX 18.92. Gulf Marine Services shares last traded at GBX 18.40, with a volume of 10,958,928 shares traded.

Gulf Marine Services Trading Down 0.0%

The company has a debt-to-equity ratio of 56.33, a current ratio of 0.55 and a quick ratio of 0.80. The company has a market capitalization of £211.01 million, a price-to-earnings ratio of 1,831.40 and a beta of 0.65. The business’s 50 day simple moving average is GBX 18.37 and its 200 day simple moving average is GBX 19.42.

About Gulf Marine Services

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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 14 SESVs is amongst the youngest in the industry, with an average age of eight years.

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