Gulf Resources (NASDAQ:GURE) Stock Price Crosses Above Two Hundred Day Moving Average of $1.46

Shares of Gulf Resources, Inc. (NASDAQ:GURE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.46 and traded as high as $1.54. Gulf Resources shares last traded at $1.54, with a volume of 41,149 shares changing hands.

Gulf Resources Stock Performance

The firm has a market capitalization of $16.06 million, a price-to-earnings ratio of -3.02 and a beta of 0.25. The stock’s fifty day moving average is $1.37 and its two-hundred day moving average is $1.45.

Institutional Trading of Gulf Resources

A hedge fund recently bought a new stake in Gulf Resources stock. Cable Hill Partners LLC bought a new position in Gulf Resources, Inc. (NASDAQ:GURE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 63,000 shares of the specialty chemicals company’s stock, valued at approximately $118,000. Cable Hill Partners LLC owned about 0.60% of Gulf Resources as of its most recent filing with the Securities and Exchange Commission. 3.28% of the stock is owned by institutional investors.

About Gulf Resources

Gulf Resources, Inc, through its subsidiaries, manufactures and trades bromine and crude salt, chemical products, and natural gas in the People's Republic of China. The company operates through four segments: Bromine, Crude salt, Chemical products, and Natural gas segments. It also provides bromine for use in bromine compounds, intermediates in organic synthesis, brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.