Gulf Marine Services (LON:GMS) Shares Down 8% - Here's What Happened

Key Points

• The stock price of Gulf Marine Services PLC fell 8% to GBX 16.74 ($0.23), with trading volume surging by 255% compared to the average session.
• The company has a debt-to-equity ratio of 72.38 and a market cap of £191.14 million, indicating significant debt levels relative to its equity.
• Gulf Marine Services operates a fleet of 13 advanced self-elevating support vessels (SESVs), which are among the youngest in the industry with an average age of eight years.

Gulf Marine Services PLC (LON:GMS - Get Free Report) shares were down 8% during mid-day trading on Tuesday . The stock traded as low as GBX 16.20 ($0.22) and last traded at GBX 16.74 ($0.23). Approximately 9,203,466 shares were traded during mid-day trading, an increase of 255% from the average daily volume of 2,594,202 shares. The stock had previously closed at GBX 18.20 ($0.25).

Gulf Marine Services Stock Performance

The stock has a market capitalization of £193.10 million, a P/E ratio of 494.40 and a beta of 1.90. The company has a 50 day simple moving average of GBX 19.25 and a 200-day simple moving average of GBX 18.66. The company has a debt-to-equity ratio of 72.38, a current ratio of 0.16 and a quick ratio of 0.80.

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.