Ferrellgas Partners (OTCMKTS:FGPR) Shares Gap Down - Here's Why

Key Points

• Ferrellgas Partners' stock price gapped down from a previous close of $14.63 to open at $14.00, and last traded at $12.76.
• The company has a market capitalization of $1.37 billion and a price-to-earnings ratio of -16.65.
• Ferrellgas Partners is engaged in the distribution and sale of propane and operates under the Blue Rhino brand for portable tank exchanges.

Ferrellgas Partners, L.P. (OTCMKTS:FGPR - ) gapped down prior to trading on Monday . The stock had previously closed at $14.63, but opened at $14.00. Ferrellgas Partners shares last traded at $12.76, with a volume of 1,052 shares changing hands.

Ferrellgas Partners Stock Performance

The business's 50 day moving average price is $10.62 and its two-hundred day moving average price is $10.44. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -16.65 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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