Gulf Marine Services (LON:GMS) Trading Down 6.9% - What's Next?

Key Points

• Shares fell 6.9%, last trading at GBX 18.76 (intraday low GBX 18.15) on heavy volume of 9.29 million shares, a 37% increase versus the average session volume.
• The stock shows a market capitalization of £216.15 million and a low valuation (PE 6.05) but weak liquidity and meaningful leverage with a current ratio 0.60, quick ratio 0.80 and debt-to-equity of 49.27.
• Gulf Marine Services operates a fleet of 14 advanced self-propelled self-elevating support vessels (average age eight years) serving oil, gas and renewable clients across the Middle East, Asia, Africa, North America and Europe.

Gulf Marine Services PLC (LON:GMS - )'s stock price traded down 6.9% during trading on Tuesday . The company traded as low as GBX 18.15 and last traded at GBX 18.76. 9,288,119 shares were traded during mid-day trading, an increase of 37% from the average session volume of 6,770,356 shares. The stock had previously closed at GBX 20.15.

Gulf Marine Services Stock Down 6.9%

The company has a market capitalization of £216.15 million, a PE ratio of 6.05 and a beta of 0.55. The company has a current ratio of 0.60, a quick ratio of 0.80 and a debt-to-equity ratio of 49.27. The firm has a 50 day simple moving average of GBX 20.38 and a two-hundred day simple moving average of GBX 18.45.

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 14 SESVs is amongst the youngest in the industry, with an average age of eight years.

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