Gulf Marine Services (LON:GMS) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Gulf Marine Services PLC (LON:GMS) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 16.93 ($0.21) and traded as low as GBX 15.10 ($0.19). Gulf Marine Services shares last traded at GBX 15.50 ($0.19), with a volume of 3,050,283 shares changing hands.

Gulf Marine Services Price Performance

The firm has a market cap of £165.32 million, a PE ratio of 515.00 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 company has a 50 day moving average price of GBX 16.49 and a 200 day moving average price of GBX 16.93.

Insider Buying and Selling at Gulf Marine Services

In other Gulf Marine Services news, insider Charbel El Khoury purchased 13,455 shares of Gulf Marine Services stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of GBX 15 ($0.19) per share, with a total value of £2,018.25 ($2,498.14). 51.56% of the stock is owned by corporate insiders.

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.