Gulf Resources (NASDAQ:GURE) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Gulf Resources, Inc. (NASDAQ:GURE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Gulf Resources Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $0.66 and a 200-day simple moving average of $0.68. The firm has a market cap of $9.08 million, a PE ratio of -0.12 and a beta of 0.24.

Gulf Resources (NASDAQ:GURE) last released 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 business had revenue of $1.60 million for 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.