Gulf Marine Services (LON:GMS) Shares Cross Above 50-Day Moving Average - What's Next?

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 18.67 ($0.25) and traded as high as GBX 20.20 ($0.27). Gulf Marine Services shares last traded at GBX 20.20 ($0.27), with a volume of 2,114,067 shares trading hands.

Gulf Marine Services Price Performance

The company has a market capitalization of £268.41 million, a P/E ratio of 6.99 and a beta of 1.90. The company has a debt-to-equity ratio of 72.38, a current ratio of 0.16 and a quick ratio of 0.80. The company's 50-day moving average price is GBX 18.79 and its two-hundred day moving average price is GBX 17.54.

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