Gulf Marine Services (LON:GMS) Stock Price Passes Below 200 Day Moving Average - What's Next?

Key Points

• Gulf Marine Services PLC stock price has fallen below its 200-day moving average of GBX 18.71, with recent trading at GBX 18.10, raising concerns about potential selling pressure.
• The company has a high debt-to-equity ratio of 72.38 and struggles with liquidity, illustrated by its current and quick ratios of 0.16 and 0.80, respectively.
• With a market capitalization of £208.54 million, GMS operates a fleet of 13 advanced self-elevating support vessels, which are among the youngest in the industry with an average age of eight years.

Gulf Marine Services PLC (LON:GMS - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 18.71 ($0.25) and traded as low as GBX 18.10 ($0.25). Gulf Marine Services shares last traded at GBX 18.10 ($0.25), with a volume of 5,960,587 shares traded.

Gulf Marine Services Price Performance

The firm has a 50 day moving average price of GBX 19.46 and a 200 day moving average price of GBX 18.70. 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 cap of £209.69 million, a P/E ratio of 536.87 and a beta of 1.90.

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.