Gulf Marine Services (LON:GMS) Stock Price Up 12.2% – Time to Buy?

Gulf Marine Services PLC (LON:GMS) was up 12.2% during trading on Thursday . The company traded as high as GBX 17.83 ($0.22) and last traded at GBX 17.50 ($0.22). Approximately 19,376,670 shares were traded during trading, an increase of 218% from the average daily volume of 6,093,337 shares. The stock had previously closed at GBX 15.60 ($0.19).

Gulf Marine Services Price Performance

The stock has a market capitalization of £187.25 million, a price-to-earnings ratio of 583.33 and a beta of 1.90. The company has a current ratio of 0.16, a quick ratio of 0.80 and a debt-to-equity ratio of 71.75. The stock has a 50-day moving average price of GBX 15.76 and a 200 day moving average price of GBX 16.62.

Insiders Place Their Bets

In other Gulf Marine Services news, insider Charbel El Khoury bought 13,455 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of GBX 15 ($0.19) per share, with a total value of £2,018.25 ($2,492.90). Corporate insiders own 51.56% of the company’s stock.

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.