Gulf Resources (NASDAQ:GURE) Issues Earnings Results

Gulf Resources (NASDAQ:GUREGet Free Report) announced its quarterly earnings results on Friday. The specialty chemicals company reported ($2.48) earnings per share for the quarter, FiscalAI reports. Gulf Resources had a negative net margin of 172.79% and a negative return on equity of 9.94%.

Gulf Resources Stock Performance

Shares of NASDAQ GURE opened at $3.90 on Friday. The stock’s 50-day moving average is $3.42 and its 200 day moving average is $4.31. The stock has a market cap of $7.06 million, a price-to-earnings ratio of -0.12 and a beta of -0.10. Gulf Resources has a 1-year low of $2.04 and a 1-year high of $11.83. The company has a current ratio of 2.98, a quick ratio of 2.91 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Gulf Resources stock. Citadel Advisors LLC lifted its holdings in Gulf Resources, Inc. (NASDAQ:GUREFree Report) by 33.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 112,944 shares of the specialty chemicals company’s stock after acquiring an additional 28,020 shares during the quarter. Citadel Advisors LLC owned 8.46% of Gulf Resources worth $59,000 at the end of the most recent quarter. 3.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Gulf Resources from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Stock Report on GURE

Gulf Resources Company Profile

(Get Free Report)

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.

See Also

Earnings History for Gulf Resources (NASDAQ:GURE)

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