Ferrellgas Partners (OTCMKTS:FGPR) Shares Down 9.1% - Time to Sell?

Key Points

• Ferrellgas Partners, L.P. shares fell by 9.1%, trading at $13.00, which is significantly lower than its previous close of $14.30.
• The company's average trading volume dropped by 93%, with only 375 shares changing hands during the trading session.
• With a market cap of $1.33 billion and a negative price-to-earnings ratio of -16.06, the stock is exhibiting significant volatility.

Ferrellgas Partners, L.P. (OTCMKTS:FGPR - ) dropped 9.1% during trading on Wednesday . The company traded as low as $13.00 and last traded at $13.00. Approximately 375 shares traded hands during trading, a decline of 93% from the average daily volume of 5,632 shares. The stock had previously closed at $14.30.

Ferrellgas Partners Stock Performance

The firm's 50 day simple moving average is $10.84 and its 200-day simple moving average is $10.51. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -16.06 and a beta of 2.99.

Ferrellgas Partners Company Profile

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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