USD Partners (NYSE:USDP) Stock Passes Below 200-Day Moving Average – Here’s Why

USD Partners LP (NYSE:USDPGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.01 and traded as low as $0.0031. USD Partners shares last traded at $0.0031, with a volume of 10,057 shares changing hands.

USD Partners Stock Performance

The stock has a market capitalization of $104,699.40, a P/E ratio of 0.00 and a beta of 0.67.

USD Partners Company Profile

(Get Free Report)

USD Partners LP (NYSE: USDP) is a master limited partnership engaged in the ownership and operation of terminal facilities for the storage, handling and distribution of liquid petroleum products in the United States. The partnership’s core business centers on providing flexible storage infrastructure and related logistics services to refiners, marketers, chemical producers and other energy market participants. By combining long‐term storage agreements with fee‐based services, USD Partners aims to generate stable cash flows while supporting customers’ supply chain needs.

At the heart of USD Partners’ operations are its tank terminals, which feature surface and salt cavern storage capacity for crude oil, refined products and various chemicals.

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