Gulf Marine Services (LON:GMS) Stock Price Up 8% - Should You Buy?

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s share price shot up 8% during mid-day trading on Friday . The company traded as high as GBX 17.05 ($0.22) and last traded at GBX 16.80 ($0.22). 10,752,642 shares were traded during trading, an increase of 295% from the average session volume of 2,722,949 shares. The stock had previously closed at GBX 15.55 ($0.20).

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 firm has a market capitalization of £180.83 million, a P/E ratio of 563.33 and a beta of 1.90. The company's 50 day moving average is GBX 16.69 and its 200-day moving average is GBX 18.59.

Gulf Marine Services Company Profile

Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe. It operates through K-Class Vessels, S-Class Vessels, and E-Class Vessels segments. The company offers offshore construction and heavy lifting, accommodation and hotel, well intervention and work over operations, and manpower services for oil and gas industry; and platform maintenance and commissioning, turbine maintenance and commissioning, hotel, crane, and offshore crew transfer services to renewables industry.