Gulf Marine Services (LON:GMS) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Gulf Marine Services PLC (LON:GMSGet Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 17.58 ($0.23) and traded as high as GBX 18.65 ($0.24). Gulf Marine Services shares last traded at GBX 18.60 ($0.24), with a volume of 1,500,649 shares trading hands.

Gulf Marine Services Stock Down 0.9 %

The stock has a market capitalization of £249.62 million, a P/E ratio of 6.50 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 stock’s 50 day simple moving average is GBX 17.58 and its 200 day simple moving average is GBX 16.87.

About Gulf Marine Services

(Get Free Report)

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.

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