Gulf Resources (NASDAQ:GURE) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Gulf Resources, Inc. (NASDAQ:GURE)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.88 and traded as high as $0.93. Gulf Resources shares last traded at $0.88, with a volume of 436,661 shares traded.

Gulf Resources Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.11. The company has a market capitalization of $9.44 million, a PE ratio of -0.09 and a beta of 0.19. The company’s 50-day simple moving average is $0.62 and its 200-day simple moving average is $0.88.

Gulf Resources (NASDAQ:GURE) last released its quarterly earnings results on Friday, October 11th. The specialty chemicals company reported ($3.09) earnings per share (EPS) for the quarter. The company had revenue of $2.38 million for the quarter. Gulf Resources had a negative return on equity of 53.74% and a negative net margin of 776.15%.

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.