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

Gulf Resources, Inc. (NASDAQ:GURE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.02 and traded as high as $5.09. Gulf Resources shares last traded at $4.71, with a volume of 20,858 shares.

Analysts Set New Price Targets

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

Gulf Resources Stock Up 2.8%

The firm’s fifty day moving average price is $4.73 and its 200-day moving average price is $5.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.92 and a quick ratio of 0.89. The firm has a market capitalization of $7.35 million, a P/E ratio of -0.10 and a beta of 0.34.

Institutional Trading of Gulf Resources

A hedge fund recently raised its stake in Gulf Resources stock. Citadel Advisors LLC boosted its position in shares of Gulf Resources, Inc. (NASDAQ:GURE) by 33.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 8.46% of Gulf Resources worth $59,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.