Gulf Marine Services (LON:GMS) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Gulf Marine Services PLC (LON:GMSGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 19.77 and traded as low as GBX 18. Gulf Marine Services shares last traded at GBX 18.08, with a volume of 644,693 shares traded.

Gulf Marine Services Price Performance

The company has a current ratio of 0.69, a quick ratio of 0.80 and a debt-to-equity ratio of 51.24. The firm has a market cap of £208.31 million, a P/E ratio of 11.02 and a beta of 0.74. The company’s 50 day simple moving average is GBX 19.22 and its 200-day simple moving average is GBX 19.77.

About Gulf Marine Services

(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.

Featured Stories

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.