Gulf Marine Services PLC (LON:GMS - Get Free Report) shares shot up 12.2% during trading on Thursday . The stock traded as high as GBX 17.83 ($0.22) and last traded at GBX 17.50 ($0.22). 19,376,670 shares were traded during mid-day trading, an increase of 218% from the average session volume of 6,093,337 shares. The stock had previously closed at GBX 15.60 ($0.19).
Gulf Marine Services Stock Performance
The firm's fifty day moving average price is GBX 15.76 and its 200 day moving average price is GBX 16.62. The firm has a market capitalization of £187.25 million, a PE ratio of 583.33 and a beta of 1.90. The company has a current ratio of 0.16, a quick ratio of 0.80 and a debt-to-equity ratio of 71.75.
Insider Activity at Gulf Marine Services
In related news, insider Charbel El Khoury acquired 13,455 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,492.90). 51.56% of the stock is currently owned by company insiders.
About Gulf Marine Services
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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.
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