Gulf Marine Services (LON:GMS) Stock Price Down 7.7% - What's Next?

Key Points

• Gulf Marine Services PLC shares experienced a significant decline of 7.7%, dropping to a low of GBX 16.20 ($0.22) during mid-day trading.
• Despite the decrease, the trading volume surged to approximately 22.2 million shares, marking a 732% increase from its average daily volume.
• The company has a notable debt-to-equity ratio of 72.38, indicating potential financial risk, alongside a high P/E ratio of 503.60.

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s stock price dropped 7.7% 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 changed hands during mid-day 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 Stock Up 1.1%

The firm has a 50 day moving average of GBX 19.25 and a two-hundred day moving average of GBX 18.66. The firm has a market capitalization of £193.10 million, a price-to-earnings ratio of 494.40 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.