BP PLC 9 Percent Preferred Shares (LON:BP.B) Stock Price Cross Below 50-Day Moving Average – Here’s Why

BP PLC 9 Percent Preferred Shares (LON:BP.B)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 153.85 ($1.88) and traded as low as GBX 148.50 ($1.82). BP PLC 9 Percent Preferred Shares shares last traded at GBX 149 ($1.82), with a volume of 534 shares changing hands.

BP PLC 9 Percent Preferred Shares Stock Performance

The company has a debt-to-equity ratio of 79.91, a current ratio of 1.24 and a quick ratio of 0.62. The company has a market capitalization of £29.81 billion, a PE ratio of -2.08 and a beta of 0.49. The firm’s fifty day simple moving average is GBX 153.85 and its 200 day simple moving average is GBX 156.64.

About BP PLC 9 Percent Preferred Shares

We deliver energy products and services to our customers around the world, and we plan to do so increasingly in ways that we believe will help drive the transition to a lower carbon future.

We have operations in Europe, North and South America, Australasia, Asia and Africa.