Gulf Marine Services (LON:GMS) Stock Price Down 4.9% – Here’s Why

Gulf Marine Services PLC (LON:GMS)’s stock price dropped 4.9% during mid-day trading on Tuesday . The company traded as low as GBX 15.25 ($0.19) and last traded at GBX 15.40 ($0.20). Approximately 5,322,010 shares were traded during mid-day trading, an increase of 97% from the average daily volume of 2,706,942 shares. The stock had previously closed at GBX 16.20 ($0.21).

Gulf Marine Services Price Performance

The business has a 50 day moving average price of GBX 17.07 and a 200-day moving average price of GBX 17.33. The company has a market capitalization of £164.78 million, a price-to-earnings ratio of 513.33 and a beta of 1.90. The company has a debt-to-equity ratio of 71.75, a quick ratio of 0.80 and a current ratio of 0.16.

Gulf Marine Services Company Profile

Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe. It operates through K-Class Vessels, S-Class Vessels, and E-Class Vessels segments. The company offers offshore construction and heavy lifting, accommodation and hotel, well intervention and work over operations, and manpower services for oil and gas industry; and platform maintenance and commissioning, turbine maintenance and commissioning, hotel, crane, and offshore crew transfer services to renewables industry.