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

Blue Dolphin Energy Co. (OTCMKTS:BDCO)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.85 and traded as high as $4.3040. Blue Dolphin Energy shares last traded at $4.27, with a volume of 70,672 shares traded.

Blue Dolphin Energy Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.41 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $64.16 million, a PE ratio of 9.35 and a beta of 0.38. The firm’s fifty day moving average price is $3.86 and its two-hundred day moving average price is $2.76.

Blue Dolphin Energy (OTCMKTS:BDCO) last announced 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 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.