Gulf Marine Services (LON:GMS) Trading Up 12.2% – Should You Buy?

Gulf Marine Services PLC (LON:GMS)’s share price was up 12.2% during mid-day trading on Friday . The company traded as high as GBX 17.83 ($0.22) and last traded at GBX 17.50 ($0.22). Approximately 19,376,670 shares traded hands during trading, an increase of 218% from the average daily volume of 6,093,337 shares. The stock had previously closed at GBX 15.60 ($0.19).

Gulf Marine Services Trading Up 0.6 %

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 15.76 and its 200-day moving average price is GBX 16.63. The firm has a market capitalization of £188.32 million, a price-to-earnings ratio of 586.67 and a beta of 1.90.

Insiders Place Their Bets

In related news, insider Charbel El Khoury bought 13,455 shares of the stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,519.35). 51.56% of the stock is currently owned by company insiders.

About Gulf Marine Services

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