Gulf Resources (NASDAQ:GURE) Issues Quarterly Earnings Results

Gulf Resources (NASDAQ:GURE) issued its earnings results on Monday. The specialty chemicals company reported ($1.51) earnings per share (EPS) for the quarter, Zacks reports.

Gulf Resources Stock Performance

Gulf Resources stock opened at $3.00 on Tuesday. The company has a market capitalization of $4.62 million, a PE ratio of -0.06 and a beta of -0.10. Gulf Resources has a fifty-two week low of $2.04 and a fifty-two week high of $11.83. The firm has a 50 day moving average price of $3.53 and a 200 day moving average price of $4.38.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Gulf Resources from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Gulf Resources presently has a consensus rating of “Sell”.

Institutional Trading of Gulf Resources

An institutional investor recently raised its stake in Gulf Resources stock. Citadel Advisors LLC grew its stake in Gulf Resources, Inc. (NASDAQ:GURE) by 33.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 112,944 shares of the specialty chemicals company’s stock after buying an additional 28,020 shares during the quarter. Citadel Advisors LLC owned 8.46% of Gulf Resources worth $59,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.28% of the company’s stock.

Gulf Resources Company Profile

Gulf Resources, Inc (NASDAQ: GURE) is an industrial mineral exploration and development company focused on phosphate rock and related product development. The company’s primary objective is to advance mineral projects that supply phosphate-based raw materials for agricultural and industrial applications, including production of fertilizers, animal feed supplements and specialty chemical precursors.

Gulf Resources’ flagship asset is its Hamilton County phosphate project in north central Florida, where it holds extensive mineral leases covering phosphate-bearing formations.