Gulf Marine Services (LON:GMS) Stock Passes Above 50 Day Moving Average - Here's Why

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 19.53 ($0.26) and traded as high as GBX 20.30 ($0.27). Gulf Marine Services shares last traded at GBX 19.66 ($0.26), with a volume of 728,090 shares changing hands.

Gulf Marine Services Stock Down 3.3%

The company has a 50-day moving average price of GBX 19.53 and a 200 day moving average price of GBX 18.01. The firm has a market capitalization of £255.25 million, a PE ratio of 6.64 and a beta of 1.90. The company has a debt-to-equity ratio of 72.38, a current ratio of 0.16 and a quick ratio of 0.80.

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.