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

Blue Dolphin Energy Co. (OTCMKTS:BDCO)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.64 and traded as high as $3.8260. Blue Dolphin Energy shares last traded at $3.8260, with a volume of 16,382 shares changing hands.

Blue Dolphin Energy Price Performance

The business has a 50-day moving average price of $2.64 and a 200 day moving average price of $1.82. The company has a market cap of $57.08 million, a price-to-earnings ratio of -10.07 and a beta of 0.36. The company has a current ratio of 0.64, a quick ratio of 0.19 and a debt-to-equity ratio of 0.11.

Blue Dolphin Energy (OTCMKTS:BDCO) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.10) EPS for the quarter. Blue Dolphin Energy had a negative net margin of 2.00% and a negative return on equity of 9.83%. The company had revenue of $68.75 million for the quarter.

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.