Blue Dolphin Energy (OTCMKTS:BDCO) Share Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Blue Dolphin Energy Co. (OTCMKTS:BDCO) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.38 and traded as low as $1.29. Blue Dolphin Energy shares last traded at $1.29, with a volume of 7,923 shares trading hands.

Blue Dolphin Energy Stock Up 3.2%

The company’s 50 day simple moving average is $1.38 and its 200-day simple moving average is $1.46. The firm has a market capitalization of $19.25 million, a PE ratio of -2.39 and a beta of 0.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.21 and a current ratio of 0.68.

Blue Dolphin Energy (OTCMKTS:BDCO) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $70.36 million during the quarter. Blue Dolphin Energy had a negative return on equity of 16.96% and a negative net margin of 2.83%.

Blue Dolphin Energy Company Profile

Blue Dolphin Energy Company (OTCMKTS: BDCO) is an independent energy and marine transportation company headquartered in New Orleans, Louisiana. The firm focuses on the ownership, development and operation of refined petroleum product terminals and related infrastructure along the U.S. Gulf Coast. Its primary asset is a deepwater dock and storage terminal situated at Port Fourchon, Louisiana, which supports the loading and unloading of a variety of refined hydrocarbon products.

The company’s Port Fourchon facility features multiple above-ground storage tanks and a dedicated dock capable of accommodating oceangoing vessels, barges and offshore supply ships.