Gulf Marine Services (LON:GMS) Shares Up 11.7% - Here's Why

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s stock price rose 11.7% during trading on Thursday . The stock traded as high as GBX 17.45 ($0.22) and last traded at GBX 17.42 ($0.22). Approximately 16,330,703 shares changed hands during mid-day trading, an increase of 177% from the average daily volume of 5,902,964 shares. The stock had previously closed at GBX 15.60 ($0.19).

Gulf Marine Services Stock Up 12.2 %

The stock has a fifty day moving average price of GBX 15.76 and a two-hundred day moving average price of GBX 16.62. The company has a quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 71.75. The company has a market cap of £187.25 million, a price-to-earnings ratio of 583.33 and a beta of 1.90.

Insider Transactions at Gulf Marine Services

In other news, insider Charbel El Khoury purchased 13,455 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average cost of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,492.90). Corporate insiders own 51.56% of the company's stock.

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.