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Ferrellgas Partners (OTCMKTS:FGPR) Trading Down 9.4% - Time to Sell?

Ferrellgas Partners logo with Energy background

Shares of Ferrellgas Partners, L.P. (OTCMKTS:FGPR - Get Free Report) dropped 9.4% on Wednesday . The company traded as low as $8.49 and last traded at $9.25. Approximately 10,059 shares changed hands during mid-day trading, an increase of 261% from the average daily volume of 2,783 shares. The stock had previously closed at $10.21.

Ferrellgas Partners Stock Performance

The business has a 50-day moving average of $8.71 and a 200 day moving average of $9.21. The stock has a market cap of $989.01 million, a PE ratio of -11.98 and a beta of 2.99.

Ferrellgas Partners Company Profile

(Get Free Report)

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. It conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets.

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