Gulf Marine Services PLC (LON:GMS – Get Free Report) fell 10.1% on Wednesday . The company traded as low as GBX 19.70 and last traded at GBX 20.45. 64,731,668 shares changed hands during mid-day trading, an increase of 1,160% from the average session volume of 5,138,464 shares. The stock had previously closed at GBX 22.75.
Gulf Marine Services Price Performance
The company has a quick ratio of 0.80, a current ratio of 0.60 and a debt-to-equity ratio of 49.27. The stock’s 50-day moving average price is GBX 21.62 and its 200-day moving average price is GBX 18.27. The company has a market capitalization of £227.50 million, a price-to-earnings ratio of 6.37 and a beta of 0.58.
Gulf Marine Services Company Profile
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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