USD Partners (NYSE:USDP) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

USD Partners LP (NYSE:USDP)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.01 and traded as low as $0.0031. USD Partners shares last traded at $0.0043, with a volume of 11,211 shares changing hands.

USD Partners Trading Down 9.3%

The business’s 50 day moving average price is $0.01 and its two-hundred day moving average price is $0.01. The stock has a market cap of $131,718.60, a P/E ratio of 0.00 and a beta of 0.63.

USD Partners Company Profile

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.