Gulf Resources (NASDAQ:GURE) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Gulf Resources, Inc. (NASDAQ:GURE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.23 and traded as high as $5.57. Gulf Resources shares last traded at $4.61, with a volume of 26,108 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Gulf Resources in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Gulf Resources Stock Performance

The firm’s fifty day simple moving average is $4.53 and its 200 day simple moving average is $5.23. The company has a market capitalization of $7.10 million, a PE ratio of -0.10 and a beta of 0.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.92 and a quick ratio of 0.89.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Gulf Resources stock. Citadel Advisors LLC lifted its position in shares of Gulf Resources, Inc. (NASDAQ:GURE) by 33.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,944 shares of the specialty chemicals company’s stock after purchasing 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 SEC filing. 3.28% of the stock is owned by institutional investors and hedge funds.

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.