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

Shares of Blue Dolphin Energy Co. (OTCMKTS:BDCO) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.21 and traded as high as $6.95. Blue Dolphin Energy shares last traded at $6.36, with a volume of 43,628 shares traded.

Blue Dolphin Energy Trading Down 9.1%

The business’s 50 day simple moving average is $4.21 and its two-hundred day simple moving average is $3.26. The stock has a market cap of $94.89 million, a P/E ratio of 3.59 and a beta of 0.42. The company has a quick ratio of 0.41, a current ratio of 1.24 and a debt-to-equity ratio of 0.04.

Blue Dolphin Energy (OTCMKTS:BDCO) last released its quarterly earnings data on Friday, August 14th. The company reported $1.19 earnings per share for the quarter. Blue Dolphin Energy had a return on equity of 73.06% and a net margin of 7.22%.

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.