Blue Dolphin Energy (OTCMKTS:BDCO) Stock Crosses Below 50 Day Moving Average – What’s Next?

Blue Dolphin Energy (OTCMKTS:BDCO)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.01 and traded as low as $2.84. Blue Dolphin Energy shares last traded at $2.85, with a volume of 696 shares changing hands.

Blue Dolphin Energy Stock Performance

The firm has a market cap of $42.53 million, a P/E ratio of 10.96 and a beta of 0.10. The business’s fifty day simple moving average is $3.01 and its 200-day simple moving average is $3.71. The company has a current ratio of 1.28, a quick ratio of 0.32 and a debt-to-equity ratio of 0.81.

Blue Dolphin Energy Company Profile

Blue Dolphin Energy Company, an independent downstream energy company, engages in the refining and marketing of petroleum products in the United States. It operates through two segments, Refinery Operations, and Tolling and Terminaling. The company produces finished products, including jet fuel, as well as various intermediate products, such as naphtha, heavy oil mud blendstock, and atmospheric gas oil; and conducts tolling and terminaling services at the Nixon facility.