Ferrellgas Partners (OTCMKTS:FGPR) Shares Down 5.2% – Here’s Why

Ferrellgas Partners, L.P. (OTCMKTS:FGPR – Get Free Report)’s share price was down 5.2% on Monday. The company traded as low as $20.00 and last traded at $20.00. Approximately 2,182 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 3,992 shares. The stock had previously closed at $21.10.

Ferrellgas Partners Stock Up 0.4%

The business’s 50 day simple moving average is $21.94 and its two-hundred day simple moving average is $23.41. The stock has a market cap of $1.99 billion, a P/E ratio of -24.09 and a beta of 2.99.

About Ferrellgas Partners

(Get Free Report)

Ferrellgas Partners, L.P. is a publicly traded master limited partnership engaged in the distribution and sale of propane and related products and services. Through its operating businesses, the company supplies propane for residential heating, commercial and industrial applications, agricultural operations, motor fuel, and other energy needs.

The company also operates Blue Rhino, a propane-cylinder exchange business that provides portable propane cylinders through retail locations across the United States.

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