Gulf Resources (NASDAQ:GURE) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of Gulf Resources, Inc. (NASDAQ:GURE) 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 Trading Up 24.4 %

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

Gulf Resources (NASDAQ:GURE) last released its quarterly earnings data 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 during the quarter. Gulf Resources had a negative net margin of 776.15% and a negative return on equity of 53.74%.

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.