Gulf Resources Inc. (GURE): Today's Featured Chemicals Loser
The chemicals industry closed the day up 3.2%. Flexible Solutions International Inc (FSI), BioFuel Energy Corporation (BIOF), PolyOne Corporation (POL), and Sino Clean Energy Inc (SCEI) were all decliners today within the chemicals industry with Gulf Resources Inc (GURE) being today's featured chemicals loser. Gulf Resources Inc fell 3 cents (-1.4%) to $2.11 on light volume. Throughout the day, 126,091 shares of Gulf Resources Inc exchanged hands as compared to its average daily volume of 510,100 shares. Gulf Resources, Inc., together with its subsidiaries, engages in the manufacture and trade of bromine and crude salt, as well as in the manufacture of chemical products for use in the oil industry and paper manufacturing industry in the People's Republic of China. Gulf Resources Inc has a market cap of $77.6 million and is part of the basic materials sector. The company has a P/E ratio of 1.5, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are unchanged year to date as of the close of trading on Tuesday. TheStreet Ratings rates Gulf as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.
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