Ferrellgas Partners (OTCMKTS:FGPR) Trading 23.4% Higher - Should You Buy?

Key Points

• Ferrellgas Partners shares surged by 23.4% on Monday, reaching a trading high of $18.80, following a significant increase in trading volume.
• The company has a market capitalization of $1.83 billion and operates with a P/E ratio of -22.11, indicating negative earnings.
• Ferrellgas Partners specializes in the distribution and sale of propane and related equipment, managing operations under the Blue Rhino brand.

Ferrellgas Partners, L.P. (OTCMKTS:FGPR - )'s share price shot up 23.4% during trading on Monday . The stock traded as high as $18.80 and last traded at $18.79. 22,151 shares were traded during trading, an increase of 334% from the average session volume of 5,108 shares. The stock had previously closed at $15.22.

Ferrellgas Partners Stock Up 23.4%

The firm's 50-day moving average price is $14.80 and its 200 day moving average price is $11.88. The firm has a market cap of $1.83 billion, a P/E ratio of -22.11 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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