Gulf Marine Services (LON:GMS) Stock Price Up 10.8% - Time to Buy?

Shares of Gulf Marine Services PLC (LON:GMS - Get Free Report) were up 10.8% on Thursday . The company traded as high as GBX 17.45 ($0.21) and last traded at GBX 17.28 ($0.21). Approximately 15,902,343 shares were traded during mid-day trading, an increase of 171% from the average daily volume of 5,876,192 shares. The stock had previously closed at GBX 15.60 ($0.19).

Gulf Marine Services Stock Performance

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 stock has a market capitalization of £187.25 million, a PE ratio of 583.33 and a beta of 1.90. The firm has a 50 day moving average price of GBX 15.76 and a 200-day moving average price of GBX 16.62.

Insider Buying and Selling

In related news, insider Charbel El Khoury acquired 13,455 shares of the stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of GBX 15 ($0.18) per share, for a total transaction of £2,018.25 ($2,484.61). 51.56% of the stock is currently owned by corporate 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.