TMD Energy (NYSEAMERICAN:TMDE) Stock Price Up 7.2% – Still a Buy?

TMD Energy Limited (NYSEAMERICAN:TMDE)’s share price was up 7.2% during trading on Wednesday . The company traded as high as $0.8342 and last traded at $0.7826. Approximately 302,099 shares traded hands during trading, an increase of 160% from the average daily volume of 116,014 shares. The stock had previously closed at $0.7301.

TMD Energy Stock Performance

The stock’s fifty day simple moving average is $0.78 and its 200-day simple moving average is $1.07. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 0.04.

TMD Energy (NYSEAMERICAN:TMDE) last issued its quarterly earnings results on Monday, June 29th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $123.79 million for the quarter.

TMD Energy Company Profile

We are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. We are also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services. For our bunkering services, we provide offshore bunkering services which involve STS transfer of marine fuels.