Gulf Resources (NASDAQ:GURE) Share Price Passes Above Two Hundred Day Moving Average of $1.46

Gulf Resources, Inc. (NASDAQ:GURE) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.46 and traded as high as $1.54. Gulf Resources shares last traded at $1.52, with a volume of 19,535 shares changing hands.

Gulf Resources Stock Up 3.1 %

The company’s fifty day moving average is $1.36 and its two-hundred day moving average is $1.46. The firm has a market capitalization of $15.85 million, a price-to-earnings ratio of -2.98 and a beta of 0.30.

Hedge Funds Weigh In On Gulf Resources

An institutional investor recently bought a new position in Gulf Resources stock. Cable Hill Partners LLC acquired a new stake in Gulf Resources, Inc. (NASDAQ:GURE) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 63,000 shares of the specialty chemicals company’s stock, valued at approximately $118,000. Cable Hill Partners LLC owned 0.60% of Gulf Resources at the end of the most recent reporting period. Institutional investors and hedge funds own 3.28% of the company’s stock.

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.