Ferrellgas Partners (OTCMKTS:FGPR) Sees Unusually-High Trading Volume – Here’s Why

Shares of Ferrellgas Partners, L.P. (OTCMKTS:FGPRGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 25,236 shares changed hands during mid-day trading, an increase of 821% from the previous session’s volume of 2,741 shares.The stock last traded at $19.88 and had previously closed at $19.70.

Ferrellgas Partners Trading Up 2.3%

The firm’s 50 day simple moving average is $18.57 and its 200-day simple moving average is $16.35. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -23.71 and a beta of 2.99.

Ferrellgas Partners Company Profile

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Ferrellgas Partners, L.P. (OTCMKTS:FGPR) is a master limited partnership that operates as the retail propane distribution arm of Ferrellgas, Inc, one of the largest retail propane providers in the United States. Headquartered in Liberty, Missouri, the partnership was formed in 1997 to acquire and manage propane assets and inventory in support of Ferrellgas’s nationwide network.

The company’s primary business activities include the procurement, transportation and distribution of propane to residential, commercial, industrial and agricultural customers.

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