Gulf Resources (NASDAQ:GURE) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Gulf Resources, Inc. (NASDAQ:GURE) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.70 and traded as high as $1.06. Gulf Resources shares last traded at $0.95, with a volume of 793,271 shares.

Gulf Resources Price Performance

The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $0.73 and its 200 day moving average is $0.70. The company has a market cap of $10.78 million, a P/E ratio of -0.10 and a beta of 0.38.

Gulf Resources (NASDAQ:GURE) last issued its earnings results on Friday, April 11th. The specialty chemicals company reported ($1.71) earnings per share (EPS) for the quarter. Gulf Resources had a negative net margin of 776.15% and a negative return on equity of 53.74%. The firm had revenue of $1.73 million during the quarter.

About Gulf Resources

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.