Gulf Marine Services (LON:GMS) Shares Down 7.6% - What's Next?

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.

Gulf Marine Services PLC (LON:GMS - ) dropped 7.6% on Tuesday . The company traded as low as GBX 16.20 ($0.22) and last traded at GBX 16.82 ($0.23). Approximately 11,221,179 shares traded hands during mid-day trading, an increase of 331% from the average daily 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 quick ratio of 0.80, a current ratio of 0.16 and a debt-to-equity ratio of 72.38. The firm has a market capitalization of £191.14 million, a price-to-earnings ratio of 489.38 and a beta of 1.90. The stock's 50 day moving average price is GBX 19.46 and its two-hundred day moving average price is GBX 18.70.

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.

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