Blue Dolphin Energy (OTCMKTS:BDCO) Stock Passes Below 50 Day Moving Average – Time to Sell?

Blue Dolphin Energy Co. (OTCMKTS:BDCO) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.46 and traded as low as $1.13. Blue Dolphin Energy shares last traded at $1.22, with a volume of 7,521 shares traded.

Blue Dolphin Energy Trading Down 6.9%

The stock has a 50 day moving average of $1.46 and a 200-day moving average of $1.48. The company has a market capitalization of $18.20 million, a P/E ratio of -2.26 and a beta of 0.46. The company has a current ratio of 0.68, a quick ratio of 0.21 and a debt-to-equity ratio of 0.13.

Blue Dolphin Energy (OTCMKTS:BDCO) last released its earnings results on Friday, November 14th. The company reported ($0.14) EPS for the quarter. Blue Dolphin Energy had a negative return on equity of 16.96% and a negative net margin of 2.83%.The firm had revenue of $70.36 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.