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

Gulf Resources, Inc. (NASDAQ:GURE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.02 and traded as high as $5.09. Gulf Resources shares last traded at $4.71, with a volume of 20,858 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gulf Resources in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Gulf Resources currently has a consensus rating of “Sell”.

Gulf Resources Price Performance

The stock has a market cap of $7.25 million, a P/E ratio of -0.10 and a beta of 0.34. The business has a 50 day simple moving average of $4.72 and a 200-day simple moving average of $5.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.89 and a current ratio of 0.92.

Institutional Trading of Gulf Resources

An institutional investor recently raised its position in Gulf Resources stock. Citadel Advisors LLC boosted its position in Gulf Resources, Inc. (NASDAQ:GURE) by 33.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,944 shares of the specialty chemicals company’s stock after purchasing 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 SEC filing. 3.28% of the stock is owned by institutional investors and hedge funds.

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.