Gulf Marine Services (LON:GMS) Reaches New 12-Month High – Still a Buy?

Shares of Gulf Marine Services PLC (LON:GMSGet Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 22 and last traded at GBX 21.95, with a volume of 3292878 shares trading hands. The stock had previously closed at GBX 21.75.

Gulf Marine Services Price Performance

The stock has a market cap of £252.90 million, a price-to-earnings ratio of 7.08 and a beta of 1.90. The company has a debt-to-equity ratio of 72.38, a quick ratio of 0.80 and a current ratio of 0.16. The company has a 50-day simple moving average of GBX 17.69 and a two-hundred day simple moving average of GBX 17.67.

Gulf Marine Services Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Gulf Marine Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Marine Services and related companies with MarketBeat.com's FREE daily email newsletter.