Gulf Marine Services (LON:GMS) Hits New 52-Week Low at $5.90

Gulf Marine Services PLC (LON:GMS)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 5.90 ($0.08) and last traded at GBX 5.95 ($0.08), with a volume of 2741045 shares traded. The stock had previously closed at GBX 7.32 ($0.10).

Separately, Canaccord Genuity cut their price target on shares of Gulf Marine Services from GBX 40 ($0.52) to GBX 8 ($0.10) and set a “hold” rating on the stock in a research note on Tuesday, September 3rd.

The company has a current ratio of 0.12, a quick ratio of 0.11 and a debt-to-equity ratio of 99.09. The firm has a 50-day moving average of GBX 8.88 and a 200-day moving average of GBX 11.73. The stock has a market capitalization of $20.85 million and a price-to-earnings ratio of -3.31.

Gulf Marine Services Company Profile (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.

See Also: What does a dividend yield signify to investors?

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.