Gulf Marine Services (LON:GMS) Shares Down 7.7% - Should You Sell?

Key Points

• Gulf Marine Services PLC shares fell by 7.7% on Tuesday, trading at GBX 16.80 ($0.23) after reaching a low of GBX 16.20 ($0.22), with trading volume significantly increased to approximately 22.2 million shares.
• The company has a concerning current ratio of 0.16 and a high debt-to-equity ratio of 72.38, indicating potential financial instability.
• Gulf Marine Services operates a fleet of 13 advanced self-elevating support vessels that are among the youngest in the industry, with an average age of eight years.

Shares of Gulf Marine Services PLC (LON:GMS - ) were down 7.7% during mid-day trading on Tuesday . The stock traded as low as GBX 16.20 ($0.22) and last traded at GBX 16.80 ($0.23). Approximately 22,218,996 shares traded hands during trading, an increase of 732% from the average daily volume of 2,669,004 shares. The stock had previously closed at GBX 18.20 ($0.25).

Gulf Marine Services Price Performance

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 stock has a 50-day moving average price of GBX 19.41 and a 200 day moving average price of GBX 18.69. The stock has a market capitalization of £193.56 million, a price-to-earnings ratio of 495.58 and a beta of 1.90.

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.

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