Gulf Marine Services (LON:GMS) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 18.09 ($0.24) and traded as low as GBX 17.70 ($0.23). Gulf Marine Services shares last traded at GBX 17.70 ($0.23), with a volume of 896,395 shares changing hands.

Gulf Marine Services Stock Performance

The stock has a market cap of £189.39 million, a PE ratio of 590.00 and a beta of 1.90. The company has a debt-to-equity ratio of 71.75, a current ratio of 0.16 and a quick ratio of 0.80. The stock has a 50-day simple moving average of GBX 16.96 and a 200-day simple moving average of GBX 18.05.

Gulf Marine Services Company Profile

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.