Gulf Resources (NASDAQ:GURE) Share Price Passes Above Two Hundred Day Moving Average of $1.46

Shares of Gulf Resources, Inc. (NASDAQ:GURE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.46 and traded as high as $1.54. Gulf Resources shares last traded at $1.52, with a volume of 19,535 shares.

Gulf Resources Stock Performance

The firm has a market capitalization of $15.85 million, a price-to-earnings ratio of -2.98 and a beta of 0.30. The business has a fifty day moving average price of $1.36 and a 200 day moving average price of $1.46.

Institutional Trading of Gulf Resources

A hedge fund recently bought a new stake in Gulf Resources stock. Cable Hill Partners LLC purchased a new position in shares of Gulf Resources, Inc. (NASDAQ:GURE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 63,000 shares of the specialty chemicals company’s stock, valued at approximately $118,000. Cable Hill Partners LLC owned 0.60% of Gulf Resources at the end of the most recent quarter. 3.28% of the stock is owned by hedge funds and other institutional investors.

About Gulf Resources

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.