Gulf Marine Services (LON:GMS) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Key Points

• Gulf Marine Services PLC's share price recently crossed above its 50-day moving average of GBX 19.71, reaching a high of GBX 20.15 during trading.
• The company maintains a market cap of £270.42 million and has a debt-to-equity ratio of 72.38, indicating a high level of debt compared to equity.
• Founded in 1977 in Abu Dhabi, Gulf Marine Services is a leading provider of self-elevating support vessels, primarily serving the oil, gas, and renewable energy industries.

Gulf Marine Services PLC (LON:GMS - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 19.71 ($0.26) and traded as high as GBX 20.15 ($0.27). Gulf Marine Services shares last traded at GBX 20 ($0.27), with a volume of 883,425 shares traded.

Gulf Marine Services Price Performance

The company has a quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 72.38. The company has a market capitalization of £272.43 million, a P/E ratio of 7.09 and a beta of 1.90. The business has a 50 day simple moving average of GBX 19.76 and a 200-day simple moving average of GBX 18.24.

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.