Gulf Marine Services (LON:GMS) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Gulf Marine Services PLC (LON:GMS) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 16.30 ($0.21) and traded as high as GBX 18.90 ($0.24). Gulf Marine Services shares last traded at GBX 18.80 ($0.24), with a volume of 1,030,926 shares changing hands.

Gulf Marine Services Stock Performance

The company has a market cap of £250.83 million, a P/E ratio of 6.53 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 72.38. The company’s fifty day moving average is GBX 16.30 and its 200 day moving average is GBX 16.75.

Insider Activity

In related news, insider Charbel El Khoury bought 13,455 shares of the business’s stock in a transaction dated 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 ($2,546.05). Insiders own 51.56% of the company’s stock.

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.