Blue Dolphin Energy (OTCMKTS:BDCO) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Blue Dolphin Energy Co. (OTCMKTS:BDCO)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.64 and traded as high as $3.8260. Blue Dolphin Energy shares last traded at $3.8260, with a volume of 16,382 shares traded.

Blue Dolphin Energy Price Performance

The stock has a market capitalization of $57.08 million, a P/E ratio of -10.07 and a beta of 0.36. The stock’s fifty day moving average is $2.64 and its 200-day moving average is $1.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.19.

Blue Dolphin Energy (OTCMKTS:BDCO) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $68.75 million during the quarter. Blue Dolphin Energy had a negative return on equity of 9.83% and a negative net margin of 2.00%.

About Blue Dolphin Energy

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.