MMA Offshore (ASX:MRM) Stock Passes Below 200 Day Moving Average of $0.18

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MMA Offshore Ltd (ASX:MRM)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.18 and traded as low as $0.15. MMA Offshore shares last traded at $0.15, with a volume of 474,231 shares.

The company’s 50-day simple moving average is A$0.17 and its 200 day simple moving average is A$0.18. The company has a current ratio of 2.88, a quick ratio of 2.82 and a debt-to-equity ratio of 87.57. The stock has a market cap of $128.71 million and a P/E ratio of -3.41.

About MMA Offshore (ASX:MRM)

MMA Offshore Limited provides marine logistics and marine services to the offshore oil and gas industry in Australia and internationally. The company engages in a range of offshore marine and subsea activities, including offtake support; construction support; seismic and survey support; tug and barge operations; anchor handling and towing; accommodation support; dive and ROV support; subsea installation support; and subsea inspection, maintenance, and repair, as well as supply operations comprising drilling and production.

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