Blue Dolphin Energy (OTCMKTS:BDCO) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Blue Dolphin Energy Co. (OTCMKTS:BDCO) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.85 and traded as high as $4.3040. Blue Dolphin Energy shares last traded at $4.27, with a volume of 70,672 shares.

Blue Dolphin Energy Stock Performance

The company’s fifty day simple moving average is $3.85 and its 200 day simple moving average is $2.75. The stock has a market capitalization of $63.71 million, a P/E ratio of 9.28 and a beta of 0.38. The company has a current ratio of 0.91, a quick ratio of 0.41 and a debt-to-equity ratio of 0.06.

Blue Dolphin Energy (OTCMKTS:BDCO) last released its quarterly earnings results on Friday, May 15th. The company reported $0.99 earnings per share for the quarter. Blue Dolphin Energy had a net margin of 2.48% and a return on equity of 28.59%.

About Blue Dolphin Energy

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.