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

Gulf Resources, Inc. (NASDAQ:GURE)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.86 and traded as high as $5.74. Gulf Resources shares last traded at $5.14, with a volume of 5,340 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gulf Resources in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gulf Resources presently has a consensus rating of “Sell”.

Gulf Resources Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.01. The stock has a market cap of $7.91 million, a price-to-earnings ratio of -0.11 and a beta of 0.13. The company’s 50-day moving average is $5.28 and its 200-day moving average is $4.86.

Institutional Trading of Gulf Resources

An institutional investor recently raised its position in Gulf Resources stock. Citadel Advisors LLC raised its position in shares of Gulf Resources, Inc. (NASDAQ:GURE) by 33.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,944 shares of the specialty chemicals company’s stock after buying an additional 28,020 shares during the period. Citadel Advisors LLC owned about 8.46% of Gulf Resources worth $59,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.28% of the company’s stock.

Gulf Resources Company Profile

Gulf Resources, Inc (NASDAQ: GURE) is an industrial mineral exploration and development company focused on phosphate rock and related product development. The company’s primary objective is to advance mineral projects that supply phosphate-based raw materials for agricultural and industrial applications, including production of fertilizers, animal feed supplements and specialty chemical precursors.

Gulf Resources’ flagship asset is its Hamilton County phosphate project in north central Florida, where it holds extensive mineral leases covering phosphate-bearing formations.