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Gulf Marine Services (LON:GMS) Shares Down 1.6% - Should You Sell?

Gulf Marine Services logo with Energy background

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s share price fell 1.6% during mid-day trading on Thursday . The company traded as low as GBX 17.60 ($0.23) and last traded at GBX 17.95 ($0.23). 1,772,996 shares changed hands during trading, a decline of 36% from the average session volume of 2,781,389 shares. The stock had previously closed at GBX 18.25 ($0.24).

Gulf Marine Services Trading Down 1.6 %

The company has a debt-to-equity ratio of 71.75, a current ratio of 0.16 and a quick ratio of 0.80. The business's 50 day moving average price is GBX 16.81 and its 200-day moving average price is GBX 18.45. The firm has a market capitalization of £192.07 million, a price-to-earnings ratio of 608.33 and a beta of 1.90.

About Gulf Marine Services

(Get Free Report)

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.

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