Gulf Marine Services PLC (LON:GMS - Get Free Report) shot up 12.2% on Thursday . The company traded as high as GBX 17.83 ($0.22) and last traded at GBX 17.50 ($0.22). 19,376,670 shares traded hands 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 Up 12.2 %
The company has a current ratio of 0.16, a quick ratio of 0.80 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. The firm's fifty day moving average price is GBX 15.76 and its 200-day moving average price is GBX 16.62.
Insiders Place Their Bets
In other Gulf Marine Services news, insider Charbel El Khoury bought 13,455 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired 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.
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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