Gulf Marine Services (LON:GMS) Trading Down 5.5% - Should You Sell?

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s share price fell 5.5% during mid-day trading on Friday . The company traded as low as GBX 20.55 ($0.28) and last traded at GBX 20.55 ($0.28). 5,564,058 shares traded hands during mid-day trading, an increase of 73% from the average session volume of 3,223,183 shares. The stock had previously closed at GBX 21.75 ($0.30).

Gulf Marine Services Stock 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 stock has a market cap of £265.45 million, a price-to-earnings ratio of 6.91 and a beta of 1.90. The company has a 50 day simple moving average of GBX 18.27 and a 200 day simple moving average of GBX 17.35.

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.