Blue Dolphin Energy (OTCMKTS:BDCO) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Blue Dolphin Energy (OTCMKTS:BDCO) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.13 and traded as high as $4.29. Blue Dolphin Energy shares last traded at $4.29, with a volume of 1,192 shares changing hands.

Blue Dolphin Energy Trading Up 7.3 %

The company has a 50 day simple moving average of $4.13 and a 200 day simple moving average of $4.93. The company has a current ratio of 1.55, a quick ratio of 0.31 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $64.02 million, a PE ratio of 3.06 and a beta of -0.02.

Blue Dolphin Energy (OTCMKTS:BDCO) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.43) EPS for the quarter. Blue Dolphin Energy had a return on equity of 39.12% and a net margin of 4.34%. The company had revenue of $69.66 million for the quarter.

About Blue Dolphin Energy

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.