Gulf Marine Services (LON:GMS) Hits New 1-Year High - Here's Why

Shares of Gulf Marine Services PLC (LON:GMS - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as GBX 21.30 ($0.29) and last traded at GBX 21 ($0.28), with a volume of 4414881 shares trading hands. The stock had previously closed at GBX 20.50 ($0.28).

Gulf Marine Services Trading Up 0.2%

The stock has a 50 day moving average of GBX 17.89 and a 200-day moving average of GBX 17.22. The company has a market capitalization of £291.22 million, a P/E ratio of 7.58 and a beta of 1.90. The company has a current ratio of 0.16, a quick ratio of 0.80 and a debt-to-equity ratio of 72.38.

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.