Gulf Resources (NASDAQ:GURE) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Gulf Resources, Inc. (NASDAQ:GUREGet Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.68 and traded as high as $0.72. Gulf Resources shares last traded at $0.68, with a volume of 140,624 shares traded.

Gulf Resources Stock Down 0.3%

The company has a quick ratio of 1.13, a current ratio of 1.16 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $0.66 and a two-hundred day simple moving average of $0.68. The company has a market capitalization of $9.08 million, a P/E ratio of -0.12 and a beta of 0.24.

Gulf Resources (NASDAQ:GUREGet Free Report) last announced its earnings results on Tuesday, May 13th. The specialty chemicals company reported ($0.40) EPS for the quarter. The company had revenue of $1.60 million during the quarter. Gulf Resources had a negative return on equity of 38.45% and a negative net margin of 748.70%.

Gulf Resources Company Profile

(Get Free Report)

Gulf Resources, Inc, through its subsidiaries, manufactures and trades bromine and crude salt, chemical products, and natural gas in the People’s Republic of China. The company operates through four segments: Bromine, Crude salt, Chemical products, and Natural gas segments. It also provides bromine for use in bromine compounds, intermediates in organic synthesis, brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.

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