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

Blue Dolphin Energy Co. (OTCMKTS:BDCO) shares 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 trading hands.

Blue Dolphin Energy Stock Down 9.6%

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 stock has a market cap of $50.58 million, a price-to-earnings ratio of 7.37 and a beta of 0.35. The firm’s 50-day simple moving average is $3.54 and its two-hundred day simple moving average is $2.23.

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

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.