Blue Dolphin Energy (OTCMKTS:BDCO) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Blue Dolphin Energy Co. (OTCMKTS:BDCO)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.74 and traded as low as $3.5888. Blue Dolphin Energy shares last traded at $3.5888, with a volume of 3,450 shares.

Blue Dolphin Energy Trading Down 0.0%

The company’s 50 day simple moving average is $3.74 and its two-hundred day simple moving average is $2.42. The company has a quick ratio of 0.41, a current ratio of 0.91 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $53.54 million, a price-to-earnings ratio of 7.80 and a beta of 0.35.

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

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.