Ferrellgas Partners (OTCMKTS:FGPR) Shares Gap Down - What's Next?

Key Points

• Ferrellgas Partners shares opened at $13.89 after closing at $14.46, indicating a noticeable gap down in stock price.
• The stock has a market capitalization of $1.37 billion and a P/E ratio of -16.61, suggesting negative earnings.
• Ferrellgas operates primarily in the propane distribution sector, including its Blue Rhino brand for portable tank exchanges.

Ferrellgas Partners, L.P. (OTCMKTS:FGPR - ) gapped down before the market opened on Monday . The stock had previously closed at $14.46, but opened at $13.89. Ferrellgas Partners shares last traded at $13.75, with a volume of 561 shares.

Ferrellgas Partners Stock Performance

The stock's fifty day simple moving average is $11.16 and its two-hundred day simple moving average is $10.61. The stock has a market capitalization of $1.37 billion, a P/E ratio of -16.61 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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