Gulf Marine Services (LON:GMS) Trading Down 7.6% - Here's What Happened

Key Points

• Gulf Marine Services PLC shares dropped 7.6% on Tuesday, trading as low as GBX 16.20 ($0.22) before closing at GBX 16.82 ($0.23).
• The company experienced a significant increase in trading volume, with approximately 11.2 million shares changing hands, a 331% rise from its average daily volume.
• Gulf Marine Services has a market capitalization of £191.14 million and a high debt-to-equity ratio of 72.38, indicating potential financial leverage concerns.

Shares of Gulf Marine Services PLC (LON:GMS - Get Free Report) traded down 7.6% on Tuesday . The stock traded as low as GBX 16.20 ($0.22) and last traded at GBX 16.82 ($0.23). 11,221,179 shares changed hands during trading, an increase of 331% from the average session volume of 2,605,798 shares. The stock had previously closed at GBX 18.20 ($0.25).

Gulf Marine Services Price Performance

The company has a market capitalization of £193.10 million, a PE ratio of 494.40 and a beta of 1.90. The firm has a fifty day moving average of GBX 19.25 and a two-hundred day moving average of GBX 18.66. The company has a current ratio of 0.16, a quick ratio of 0.80 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.