Gulf Marine Services (LON:GMS) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 16.66 ($0.21) and traded as low as GBX 16.65 ($0.21). Gulf Marine Services shares last traded at GBX 17.15 ($0.21), with a volume of 4,252,781 shares.

Gulf Marine Services Trading Up 0.9 %

The stock's fifty day simple moving average is GBX 15.86 and its two-hundred day simple moving average is GBX 16.64. The firm has a market cap of £185.65 million, a PE ratio of 578.33 and a beta of 1.90. The company has a quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 71.75.

Insider Buying and Selling

In other news, insider Charbel El Khoury purchased 13,455 shares of the company's stock in a transaction that occurred on 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 ($2,519.03). 51.56% of the stock is currently owned by company insiders.

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.