Gulf Marine Services (LON:GMS) Stock Passes Below 50 Day Moving Average - Time to Sell?

Key Points

• Gulf Marine Services PLC shares have fallen below their 50-day moving average of GBX 17.71, trading at GBX 15.42 ($0.21) amid significant trading volume of 1,254,871 shares.
• The company maintains a debt-to-equity ratio of 72.38 and a high P/E ratio of 497.42, indicating potential financial concerns.
• Insider Mansour Al Alami purchased 129,000 shares at GBX 16 each, demonstrating insider confidence despite the stock's recent decline.

Gulf Marine Services PLC (LON:GMS - ) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 17.71 ($0.24) and traded as low as GBX 15.42 ($0.21). Gulf Marine Services shares last traded at GBX 15.42 ($0.21), with a volume of 1,254,871 shares changing hands.

Gulf Marine Services Stock 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 stock has a market capitalization of £177.66 million, a P/E ratio of 497.42 and a beta of 1.90. The company has a 50-day moving average price of GBX 17.71 and a two-hundred day moving average price of GBX 18.42.

Insider Buying and Selling

In other news, insider Mansour Al Alami acquired 129,000 shares of the stock in a transaction on Wednesday, September 24th. The stock was acquired at an average price of GBX 16 per share, with a total value of £20,640. Corporate insiders own 0.50% of the company's stock.

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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