Gulf Marine Services (LON:GMS) Shares Pass Below 200 Day Moving Average – Time to Sell?

Gulf Marine Services PLC (LON:GMS)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 17.08 ($0.21) and traded as low as GBX 15.15 ($0.19). Gulf Marine Services shares last traded at GBX 15.85 ($0.20), with a volume of 1,437,023 shares changing hands.

Gulf Marine Services Stock Performance

The company has a debt-to-equity ratio of 71.75, a quick ratio of 0.80 and a current ratio of 0.16. The company has a market cap of £169.60 million, a P/E ratio of 528.33 and a beta of 1.90. The stock’s fifty day moving average price is GBX 16.95 and its two-hundred day moving average price is GBX 17.08.

Insider Buying and Selling at Gulf Marine Services

In related news, insider Charbel El Khoury purchased 13,455 shares of the stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,531.36). Company insiders own 51.56% of the company’s stock.

About Gulf Marine Services

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.