Gulf Resources (NASDAQ:GURE) Issues Earnings Results

Gulf Resources (NASDAQ:GURE) issued its quarterly earnings data on Friday. The specialty chemicals company reported ($1.71) EPS for the quarter, Zacks reports. Gulf Resources had a negative return on equity of 53.74% and a negative net margin of 776.15%.

Gulf Resources Stock Performance

Gulf Resources stock remained flat at $0.80 during midday trading on Friday. 20,597 shares of the company’s stock were exchanged, compared to its average volume of 98,709. Gulf Resources has a 52-week low of $0.50 and a 52-week high of $1.79. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. The firm has a market cap of $8.58 million, a price-to-earnings ratio of -0.08 and a beta of 0.38. The stock has a fifty day moving average price of $0.71 and a two-hundred day moving average price of $0.70.

Gulf Resources Company Profile

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.