Gulf Marine Services (LON:GMS) Shares Pass Below 200-Day Moving Average - Here's Why

Key Points

• Shares slipped below the 200-day moving average, trading as low as GBX 16.24 and last at GBX 16.90 on volume of 7,377,871; the 200-day MA is GBX 18.24 (50-day MA GBX 21.46).
• Key fundamentals show a market cap of £194.72 million, a low PE of 5.45, but relatively weak liquidity (current ratio 0.60, quick ratio 0.80) and debt-to-equity of 49.27.
• Gulf Marine Services is a UAE-founded provider of advanced self-propelled self-elevating support vessels with a 14-vessel fleet (average age eight years) serving oil, gas and renewables globally.

Gulf Marine Services PLC (LON:GMS - )'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 18.24 and traded as low as GBX 16.24. Gulf Marine Services shares last traded at GBX 16.90, with a volume of 7,377,871 shares traded.

Gulf Marine Services Stock Performance

The company has a debt-to-equity ratio of 49.27, a current ratio of 0.60 and a quick ratio of 0.80. The company has a 50 day simple moving average of GBX 21.46 and a 200-day simple moving average of GBX 18.24. The firm has a market cap of £194.72 million, a PE ratio of 5.45 and a beta of 0.55.

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 14 SESVs is amongst the youngest in the industry, with an average age of eight years.

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