Gulf Resources (NASDAQ:GURE) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Gulf Resources, Inc. (NASDAQ:GURE)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.02 and traded as high as $5.09. Gulf Resources shares last traded at $4.71, with a volume of 20,858 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Gulf Resources in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Gulf Resources Trading Up 0.9%

The stock’s fifty day simple moving average is $4.72 and its two-hundred day simple moving average is $5.02. The firm has a market cap of $7.25 million, a PE ratio of -0.10 and a beta of 0.34. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.01.

Institutional Trading of Gulf Resources

An institutional investor recently raised its position in Gulf Resources stock. Citadel Advisors LLC boosted its stake in shares of Gulf Resources, Inc. (NASDAQ:GURE) by 33.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,944 shares of the specialty chemicals company’s stock after buying an additional 28,020 shares during the period. Citadel Advisors LLC owned approximately 8.46% of Gulf Resources worth $59,000 at the end of the most recent reporting period. Institutional investors own 3.28% of the company’s stock.

About Gulf Resources

Gulf Resources, Inc (NASDAQ: GURE) is an industrial mineral exploration and development company focused on phosphate rock and related product development. The company’s primary objective is to advance mineral projects that supply phosphate-based raw materials for agricultural and industrial applications, including production of fertilizers, animal feed supplements and specialty chemical precursors.

Gulf Resources’ flagship asset is its Hamilton County phosphate project in north central Florida, where it holds extensive mineral leases covering phosphate-bearing formations.