Gulf Resources (NASDAQ:GURE) Share Price Crosses Above 200 Day Moving Average of $1.08
Gulf Resources, Inc. (NASDAQ:GURE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.08 and traded as high as $0.81. Gulf Resources shares last traded at $0.80, with a volume of 1,617 shares changing hands.
The company has a debt-to-equity ratio of 0.03, a current ratio of 5.30 and a quick ratio of 5.28. The business has a 50-day simple moving average of $0.90 and a 200-day simple moving average of $1.08.
A hedge fund recently raised its stake in Gulf Resources stock. Renaissance Technologies LLC boosted its holdings in Gulf Resources, Inc. (NASDAQ:GURE) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,786,437 shares of the specialty chemicals company’s stock after buying an additional 25,475 shares during the quarter. Renaissance Technologies LLC owned approximately 3.81% of Gulf Resources worth $1,786,000 at the end of the most recent quarter. 6.87% of the stock is currently owned by institutional investors.
Gulf Resources, Inc, through its subsidiaries, manufactures and trades in bromine, crude salt, chemical products, and natural gas in the People's Republic of China. It provides bromine for use in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants.
See Also: Producer Price Index (PPI)
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