Gulf Marine Services (LON:GMS) Stock Price Down 7.7% - Here's Why

Key Points

• Gulf Marine Services PLC shares fell by 7.7% on Tuesday, trading around GBX 16.80 ($0.23) after reaching a low of GBX 16.20 ($0.22).
• The company's debt-to-equity ratio stands at 72.38, and it has a price-to-earnings ratio of 495.58.
• Founded in 1977, Gulf Marine Services operates a fleet of 13 advanced support vessels tailored for the oil, gas, and renewable energy industries.

Gulf Marine Services PLC (LON:GMS - Get Free Report)'s stock price fell 7.7% during mid-day trading on Tuesday . The stock traded as low as GBX 16.20 ($0.22) and last traded at GBX 16.80 ($0.23). 22,218,996 shares changed hands during trading, an increase of 732% from the average session volume of 2,669,004 shares. The stock had previously closed at GBX 18.20 ($0.25).

Gulf Marine Services Stock Performance

The company has a market cap of £193.10 million, a PE ratio of 494.40 and a beta of 1.90. 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 company has a 50-day moving average of GBX 19.25 and a 200-day moving average of GBX 18.66.

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.