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

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 Stock Performance

The company's fifty day simple moving average is GBX 17.41 and its 200 day simple moving average is GBX 17.02. The stock has a market capitalization of £244.25 million, a price-to-earnings ratio of 6.36 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 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.