Gulf Resources (NASDAQ:GURE) Posts Quarterly Earnings Results

Gulf Resources (NASDAQ:GURE) posted its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.64 earnings per share for the quarter, FiscalAI reports. Gulf Resources had a negative net margin of 165.06% and a negative return on equity of 10.03%. The firm had revenue of $12.89 million for the quarter.

Gulf Resources Stock Down 4.4%

Shares of NASDAQ GURE opened at $3.06 on Thursday. The firm’s fifty day moving average is $3.29 and its 200 day moving average is $4.02. Gulf Resources has a 52 week low of $2.04 and a 52 week high of $11.83. The company has a quick ratio of 2.30, a current ratio of 2.34 and a debt-to-equity ratio of 0.05. The company has a market cap of $5.54 million, a price-to-earnings ratio of -0.10 and a beta of -0.06.

Analyst Ratings Changes

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