Gulf Marine Services PLC (LON:GMS - Get Free Report)'s share price shot up 11.7% during mid-day trading on Thursday . The stock traded as high as GBX 17.45 ($0.22) and last traded at GBX 17.42 ($0.22). 16,330,703 shares traded hands during trading, an increase of 177% from the average session volume of 5,902,964 shares. The stock had previously closed at GBX 15.60 ($0.19).
Gulf Marine Services Stock Performance
The stock's fifty day moving average is GBX 15.76 and its 200-day moving average is 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 stock has a market cap of £187.25 million, a price-to-earnings ratio of 583.33 and a beta of 1.90.
Insider Activity at Gulf Marine Services
In related news, insider Charbel El Khoury purchased 13,455 shares of Gulf Marine Services stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,492.90). 51.56% of the stock is owned by corporate 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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