Gulf Marine Services PLC (LON:GMS - Get Free Report) shares rose 11.7% on Thursday . The company 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 Trading Up 12.2 %
The firm has a market cap of £187.25 million, a PE ratio of 583.33 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. The firm has a 50 day moving average of GBX 15.76 and a 200 day moving average of GBX 16.62.
Insider Transactions at Gulf Marine Services
In other news, insider Charbel El Khoury purchased 13,455 shares of Gulf Marine Services 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, with a total value of £2,018.25 ($2,492.90). Company insiders own 51.56% of the company's stock.
Gulf Marine Services Company Profile
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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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