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

Gulf Resources, Inc. (NASDAQ:GURE) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Gulf Resources Price Performance

The stock has a market cap of $10.78 million, a P/E ratio of -0.10 and a beta of 0.38. The company’s 50 day moving average price is $0.73 and its 200-day moving average price is $0.70. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.01.

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

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.