Gulf Marine Services (LON:GMS) Reaches New 52-Week High – Still a Buy?

Shares of Gulf Marine Services PLC (LON:GMSGet Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 24.25 and last traded at GBX 23.75, with a volume of 2160328 shares traded. The stock had previously closed at GBX 23.40.

Gulf Marine Services Price Performance

The firm has a market capitalization of £273.64 million, a price-to-earnings ratio of 7.66 and a beta of 1.90. The company’s 50 day moving average is GBX 19.90 and its 200 day moving average is GBX 17.98. The company has a quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 72.38.

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 14 SESVs is amongst the youngest in the industry, with an average age of eight years.

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