Blue Dolphin Energy (OTCMKTS:BDCO) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Blue Dolphin Energy Co. (OTCMKTS:BDCO) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.48 and traded as low as $1.38. Blue Dolphin Energy shares last traded at $1.75, with a volume of 16,942 shares.

Blue Dolphin Energy Trading Down 14.3%

The company has a quick ratio of 0.21, a current ratio of 0.68 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average is $1.48 and its 200-day moving average is $1.54. The stock has a market capitalization of $22.38 million, a PE ratio of -2.78 and a beta of 0.51.

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

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.