Gulf Marine Services (LON:GMS) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Gulf Marine Services PLC (LON:GMS) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 18.64 ($0.24) and traded as low as GBX 15.16 ($0.20). Gulf Marine Services shares last traded at GBX 15.35 ($0.20), with a volume of 1,462,203 shares changing hands.

Gulf Marine Services Stock Up 0.4 %

The firm has a market cap of £164.98 million, a PE ratio of 511.67 and a beta of 1.90. The company has a quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 71.75. The business has a 50-day moving average price of GBX 16.71 and a two-hundred day moving average price of GBX 18.64.

About Gulf Marine Services

Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe. It operates through K-Class Vessels, S-Class Vessels, and E-Class Vessels segments. The company offers offshore construction and heavy lifting, accommodation and hotel, well intervention and work over operations, and manpower services for oil and gas industry; and platform maintenance and commissioning, turbine maintenance and commissioning, hotel, crane, and offshore crew transfer services to renewables industry.