Gulf Resources (NASDAQ:GURE) Posts Quarterly Earnings Results

Gulf Resources (NASDAQ:GURE) issued its earnings results on Wednesday. The specialty chemicals company reported $0.64 EPS for the quarter, FiscalAI reports. Gulf Resources had a negative net margin of 165.06% and a negative return on equity of 10.03%.

Gulf Resources Price Performance

GURE traded down $0.14 during trading on Wednesday, hitting $3.06. The company’s stock had a trading volume of 91,919 shares, compared to its average volume of 43,400. The firm’s 50 day moving average price is $3.30 and its two-hundred day moving average price is $4.03. The company has a quick ratio of 2.30, a current ratio of 2.34 and a debt-to-equity ratio of 0.05. Gulf Resources has a 12 month low of $2.04 and a 12 month high of $11.83. The stock has a market capitalization of $5.54 million, a price-to-earnings ratio of -0.10 and a beta of -0.06.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Gulf Resources from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

About Gulf Resources

Gulf Resources, Inc is a China-based chemical manufacturing company that produces and sells bromine, crude salt and specialty chemical products. Its operations are primarily conducted through subsidiaries located in Shouguang, Shandong Province, an area known for chemical production and brine resources.

Bromine is used in a range of industrial applications, including flame retardants, water-treatment compounds, pharmaceuticals, agricultural chemicals, dyes and oil- and gas-field fluids.