Gulf Marine Services PLC (LON:GMS)’s share price rose 8.8% during mid-day trading on Wednesday . The stock traded as high as GBX 16.45 ($0.21) and last traded at GBX 15.78 ($0.21). Approximately 90,259 shares traded hands during trading, a decline of 56% from the average daily volume of 206,887 shares. The stock had previously closed at GBX 14.50 ($0.19).

The firm has a market capitalization of $50.75 million and a PE ratio of -2.10. The company has a quick ratio of 1.17, a current ratio of 1.26 and a debt-to-equity ratio of 100.72.

In other news, insider Simon Heale acquired 220,000 shares of the company’s stock in a transaction on Friday, December 21st. The shares were bought at an average price of GBX 9 ($0.12) per share, with a total value of £19,800 ($25,872.21).

COPYRIGHT VIOLATION NOTICE: This report was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://theolympiareport.com/2019/03/15/gulf-marine-services-gms-stock-price-up-8-8.html.

About Gulf Marine Services (LON:GMS)

Gulf Marine Services PLC, together with its subsidiaries, charters and operates self-propelled, self-elevating support vessels (SESVs) worldwide. The company operates through Small Class Vessels, Mid-Size Class Vessels, Large Class Vessels, and Other Vessels segments. Its jackups provides as a platform for the delivery of a range of services in the offshore oil, gas, and renewable energy projects.

Further Reading: How is an ETF different from a mutual fund?

Receive News & Ratings for Gulf Marine Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Marine Services and related companies with MarketBeat.com's FREE daily email newsletter.