Gulf Marine Services (LON:GMS) Shares Down 5.9% - Time to Sell?

Key Points

• Gulf Marine Services PLC shares fell by 5.9% to GBX 17.12 ($0.23), significantly increasing trading volume to approximately 5.74 million shares, a 123% rise from average daily trading.
• The company has a high debt-to-equity ratio of 72.38 and a market capitalization of £192.93 million, with a notably high PE ratio of 493.95.
• Founded in 1977, Gulf Marine Services is a provider of self-elevating support vessels serving the oil, gas, and renewable energy sectors across multiple global regions.

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s stock price fell 5.9% on Tuesday . The stock traded as low as GBX 16.20 ($0.22) and last traded at GBX 17.12 ($0.23). 5,740,303 shares were traded during trading, an increase of 123% from the average session volume of 2,574,299 shares. The stock had previously closed at GBX 18.20 ($0.25).

Gulf Marine Services Price Performance

The company has a debt-to-equity ratio of 72.38, a quick ratio of 0.80 and a current ratio of 0.16. The company's fifty day simple moving average is GBX 19.25 and its two-hundred day simple moving average is GBX 18.66. The stock has a market capitalization of £193.10 million, a PE ratio of 494.40 and a beta of 1.90.

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.