Blue Dolphin Energy (OTCMKTS:BDCO) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Blue Dolphin Energy Co. (OTCMKTS:BDCO)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.68 and traded as high as $8.86. Blue Dolphin Energy shares last traded at $8.5452, with a volume of 58,089 shares traded.

Blue Dolphin Energy Stock Up 12.2%

The company has a current ratio of 1.24, a quick ratio of 0.74 and a debt-to-equity ratio of 0.04. The business’s 50-day simple moving average is $4.79 and its 200-day simple moving average is $3.60. The company has a market capitalization of $153.50 million, a PE ratio of 5.81 and a beta of 0.52.

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 net margin of 7.22% and a return on equity of 73.06%.

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.