Gulf Resources Stock Scheduled to Reverse Split on Monday, October 27th (NASDAQ:GURE)

Shares of Gulf Resources, Inc. (NASDAQ:GURE) are scheduled to reverse split before the market opens on Monday, October 27th. The 1-10 reverse split was announced on Wednesday, October 22nd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, October 24th.

Gulf Resources Price Performance

Shares of NASDAQ:GURE opened at $0.52 on Thursday. The business has a 50 day moving average price of $0.66 and a 200 day moving average price of $0.67. Gulf Resources has a twelve month low of $0.47 and a twelve month high of $1.47. The company has a market cap of $6.99 million, a price-to-earnings ratio of -0.21 and a beta of 0.29. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.01.

Gulf Resources (NASDAQ:GURE) last announced its quarterly earnings data on Wednesday, August 13th. The specialty chemicals company reported ($0.06) EPS for the quarter. Gulf Resources had a negative return on equity of 18.32% and a negative net margin of 195.79%.The firm had revenue of $8.34 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Gulf Resources in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.