BP PLC 9 Percent Preferred Shares (LON:BP.B) Stock Pass Below 50-Day Moving Average – Time to Sell?

BP PLC 9 Percent Preferred Shares (LON:BP.B) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 159.73 ($2.07) and traded as low as GBX 155.98 ($2.02). BP PLC 9 Percent Preferred Shares shares last traded at GBX 157.50 ($2.04), with a volume of 424 shares changing hands.

BP PLC 9 Percent Preferred Shares Stock Performance

The company has a debt-to-equity ratio of 79.91, a quick ratio of 0.62 and a current ratio of 1.24. The business has a 50 day moving average price of GBX 159.73 and a two-hundred day moving average price of GBX 156.06. The company has a market cap of £31.52 billion, a P/E ratio of -2.20 and a beta of 0.49.

BP PLC 9 Percent Preferred Shares Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).