Gulf Marine Services (LON:GMS) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Gulf Marine Services PLC (LON:GMS - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 16.96 ($0.22) and traded as low as GBX 16.19 ($0.21). Gulf Marine Services shares last traded at GBX 17.72 ($0.23), with a volume of 2,490,135 shares trading hands.

Gulf Marine Services Price Performance

The business has a 50-day moving average of GBX 17.61 and a 200 day moving average of GBX 17.02. The company has a current ratio of 0.16, a quick ratio of 0.80 and a debt-to-equity ratio of 72.38. The firm has a market capitalization of £241.03 million, a P/E ratio of 6.27 and a beta of 1.90.

Gulf Marine Services Company Profile

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