Gulf Marine Services (LON:GMS) Stock Crosses Below 200 Day Moving Average – Should You Sell?

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 Stock Performance

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 market cap of £165.32 million, a price-to-earnings ratio of 515.00 and a beta of 1.90. The stock’s 50 day moving average is GBX 16.49 and its two-hundred day moving average is GBX 16.93.

Insider Transactions at Gulf Marine Services

In other news, insider Charbel El Khoury acquired 13,455 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of GBX 15 ($0.19) per share, for a total transaction of £2,018.25 ($2,498.14). 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.