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

USD Partners LP (NYSE:USDP)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.04 and traded as low as $0.01. USD Partners shares last traded at $0.02, with a volume of 36,025 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on USD Partners in a report on Tuesday. They set a “hold” rating for the company.

USD Partners Trading Up 51.3 %

The business has a fifty day moving average price of $0.04 and a 200 day moving average price of $0.03.

USD Partners (NYSE:USDP) last posted its quarterly earnings results on Tuesday, November 12th. The transportation company reported ($0.39) EPS for the quarter. The firm had revenue of $9.09 million during the quarter.

About USD Partners

USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. It operates through two segments, Terminalling Services and Fleet Services. The Terminalling Services segment owns and operates Hardisty terminal, an origination terminal for loading various grades of Canadian crude oil onto railcars for transportation to end markets; Stroud terminal, a crude oil destination terminal, which is used to facilitate rail-to-pipeline shipments of crude oil located in Stroud, Oklahoma; Casper terminal, a crude oil storage, blending, and railcar loading terminal located in Casper, Wyoming; and West Colton Terminal, an unit train-capable destination terminals that trans load approximately 13,000 barrels per day ethanol and renewable diesel received by rail from producers onto trucks.