Gulf Marine Services (LON:GMS) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Gulf Marine Services PLC (LON:GMS) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 18.20 and traded as low as GBX 17.96. Gulf Marine Services shares last traded at GBX 17.97, with a volume of 5,900,352 shares trading hands.

Gulf Marine Services Price Performance

The company has a debt-to-equity ratio of 49.27, a quick ratio of 0.80 and a current ratio of 0.60. The company has a market cap of £207.09 million, a P/E ratio of 5.80 and a beta of 0.55. The firm’s fifty day moving average is GBX 21.05 and its two-hundred day moving average is GBX 18.20.

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.