Blue Dolphin Energy (OTCMKTS:BDCO) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Blue Dolphin Energy Co. (OTCMKTS:BDCO)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.54 and traded as low as $3.33. Blue Dolphin Energy shares last traded at $3.39, with a volume of 10,896 shares.

Blue Dolphin Energy Stock Performance

The firm’s 50-day moving average price is $3.54 and its 200 day moving average price is $2.23. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.41 and a current ratio of 0.91. The company has a market cap of $50.58 million, a price-to-earnings ratio of 7.37 and a beta of 0.35.

Blue Dolphin Energy (OTCMKTS:BDCO) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.99 earnings per share (EPS) for the quarter. Blue Dolphin Energy had a net margin of 2.48% and a return on equity of 28.59%.

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.