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Gulf Marine Services (LON:GMS) Share Price Crosses Above Fifty Day Moving Average - Here's What Happened

Gulf Marine Services logo with Energy background

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 17.43 ($0.23) and traded as high as GBX 17.60 ($0.23). Gulf Marine Services shares last traded at GBX 17.10 ($0.23), with a volume of 5,917,302 shares trading hands.

Gulf Marine Services Price Performance

The firm has a market capitalization of £232.17 million, a price-to-earnings ratio of 6.04 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. The business has a 50-day moving average price of GBX 17.43 and a two-hundred day moving average price of GBX 17.05.

About Gulf Marine Services

(Get Free Report)

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.

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