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 50-day moving average during trading on Thursday . The stock has a 50-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 trading hands.

BP PLC 9 Percent Preferred Shares Price Performance

The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 79.91. The stock has a market capitalization of £29.81 billion, a price-to-earnings ratio of -2.08 and a beta of 0.49. The stock has a 50-day moving average price of GBX 153.85 and a 200 day moving average price of 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.