USD Partners (NYSE:USDP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

USD Partners LP (NYSE:USDP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.04 and traded as low as $0.04. USD Partners shares last traded at $0.04, with a volume of 12,649 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of USD Partners in a research report on Friday. They set a “hold” rating for the company.

USD Partners Price Performance

The company’s fifty day simple moving average is $0.05 and its 200-day simple moving average is $0.04. The firm has a market capitalization of $1.28 million, a PE ratio of -0.04 and a beta of 1.14.

USD Partners Company Profile

USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. It operates through two segments, Terminalling Services and Fleet Services. The Terminalling Services segment owns and operates Hardisty terminal, an origination terminal for loading various grades of Canadian crude oil onto railcars for transportation to end markets; Stroud terminal, a crude oil destination terminal, which is used to facilitate rail-to-pipeline shipments of crude oil located in Stroud, Oklahoma; Casper terminal, a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and West Colton Terminal, an unit train-capable destination terminals that trans load approximately 13,000 barrels per day ethanol and renewable diesel received by rail from producers onto trucks.