Blue Dolphin Energy (OTCMKTS:BDCO) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Blue Dolphin Energy Co. (OTCMKTS:BDCO)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.88 and traded as high as $4.20. Blue Dolphin Energy shares last traded at $4.20, with a volume of 7,630 shares.

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 firm’s fifty day moving average price is $3.89 and its 200-day moving average price is $3.05. The firm has a market cap of $67.11 million, a price-to-earnings ratio of 9.78 and a beta of 0.42.

Blue Dolphin Energy (OTCMKTS:BDCO) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.99 EPS 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.