Gulf Marine Services PLC (LON:GMS - Get Free Report)'s share price rose 10.8% during trading 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 traded hands during 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 Up 12.2 %
The business's 50 day simple moving average is GBX 15.76 and its 200 day simple moving average is GBX 16.62. 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 firm has a market capitalization of £187.25 million, a PE ratio of 583.33 and a beta of 1.90.
Insider Buying and Selling
In other news, insider Charbel El Khoury acquired 13,455 shares of the business's 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 company insiders.
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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