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

Gulf Resources, Inc. (NASDAQ:GURE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.68 and traded as high as $0.71. Gulf Resources shares last traded at $0.69, with a volume of 143,679 shares trading hands.

Gulf Resources Stock Performance

The business’s fifty day moving average price is $0.65 and its 200-day moving average price is $0.68. The stock has a market cap of $9.21 million, a PE ratio of -0.12 and a beta of 0.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.16.

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

Gulf Resources Company Profile

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.