Gulf Marine Services (LON:GMS) Shares Pass Below 200-Day Moving Average – Here’s Why

Gulf Marine Services PLC (LON:GMSGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 18.24 and traded as low as GBX 16.24. Gulf Marine Services shares last traded at GBX 16.90, with a volume of 7,377,871 shares traded.

Gulf Marine Services Price Performance

The firm’s 50 day simple moving average is GBX 21.46 and its two-hundred day simple moving average is GBX 18.24. The company has a debt-to-equity ratio of 49.27, a current ratio of 0.60 and a quick ratio of 0.80. The firm has a market capitalization of £194.72 million, a P/E ratio of 5.45 and a beta of 0.55.

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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