USD Partners (NYSE:USDP) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of USD Partners LP (NYSE:USDP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.05 and traded as low as $0.04. USD Partners shares last traded at $0.04, with a volume of 41,219 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on USD Partners in a report on Wednesday. They issued a “hold” rating for the company.

USD Partners Trading Down 8.3 %

The firm has a market cap of $1.12 million, a P/E ratio of -0.03 and a beta of 1.04. The business has a 50-day moving average price of $0.04 and a 200-day moving average price of $0.05.

USD Partners Company Profile

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.