Gulf Resources (NASDAQ:GURE) Releases Earnings Results

Gulf Resources (NASDAQ:GURE) issued its earnings results on Friday. The specialty chemicals company reported ($2.48) earnings per share (EPS) for the quarter, FiscalAI reports. Gulf Resources had a negative net margin of 172.79% and a negative return on equity of 9.94%. The firm had revenue of $2.37 million during the quarter.

Gulf Resources Trading Up 14.0%

GURE stock opened at $3.90 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.98 and a quick ratio of 2.91. The company has a fifty day moving average price of $3.42 and a two-hundred day moving average price of $4.31. Gulf Resources has a one year low of $2.04 and a one year high of $11.83. The stock has a market cap of $7.06 million, a price-to-earnings ratio of -0.13 and a beta of -0.10.

Analyst Ratings Changes

Separately, Weiss Ratings raised 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, Based on data from MarketBeat, Gulf Resources currently has an average rating of “Sell”.

Hedge Funds Weigh In On Gulf Resources

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% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor 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 about 8.46% of Gulf Resources worth $59,000 as of its most recent SEC filing. 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.