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Gulf Marine Services (LON:GMS) Shares Cross Above 50-Day Moving Average - Here's Why

Gulf Marine Services logo with Energy background

Gulf Marine Services PLC (LON:GMS - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 17.04 ($0.22) and traded as high as GBX 17.65 ($0.22). Gulf Marine Services shares last traded at GBX 17.55 ($0.22), with a volume of 416,446 shares.

Gulf Marine Services Price Performance

The company has a 50-day moving average of GBX 17.07 and a 200-day moving average of GBX 17.80. 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 stock has a market cap of £184.04 million, a price-to-earnings ratio of 571.67 and a beta of 1.90.

About Gulf Marine Services

(Get Free Report)

Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe. It operates through K-Class Vessels, S-Class Vessels, and E-Class Vessels segments. The company offers offshore construction and heavy lifting, accommodation and hotel, well intervention and work over operations, and manpower services for oil and gas industry; and platform maintenance and commissioning, turbine maintenance and commissioning, hotel, crane, and offshore crew transfer services to renewables industry.

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