USD Partners (NYSE:USDP) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Shares of USD Partners LP (NYSE:USDPGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.01 and traded as low as $0.0031. USD Partners shares last traded at $0.0031, with a volume of 10,057 shares trading hands.

USD Partners Price Performance

The stock has a market capitalization of $94,567.20, a price-to-earnings ratio of 0.00 and a beta of 0.67.

About USD Partners

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USD Partners LP (NYSE: USDP) is a master limited partnership engaged in the ownership and operation of terminal facilities for the storage, handling and distribution of liquid petroleum products in the United States. The partnership’s core business centers on providing flexible storage infrastructure and related logistics services to refiners, marketers, chemical producers and other energy market participants. By combining long‐term storage agreements with fee‐based services, USD Partners aims to generate stable cash flows while supporting customers’ supply chain needs.

At the heart of USD Partners’ operations are its tank terminals, which feature surface and salt cavern storage capacity for crude oil, refined products and various chemicals.

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