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

Gulf Resources, Inc. (NASDAQ:GURE) shares passed 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 trading hands.

Gulf Resources Stock Performance

The firm’s 50 day moving average price is $0.62 and its 200-day moving average price is $0.87. The firm has a market cap of $7.72 million, a price-to-earnings ratio of -0.08 and a beta of 0.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.08.

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

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.