Ferrellgas Partners (OTCMKTS:FGPR) Stock Price Down 11.2% – Here’s Why

Ferrellgas Partners, L.P. (OTCMKTS:FGPR) dropped 11.2% during mid-day trading on Friday . The stock traded as low as $21.50 and last traded at $21.6265. Approximately 2,564 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 4,450 shares. The stock had previously closed at $24.35.

Ferrellgas Partners Stock Down 1.4%

The stock has a 50 day simple moving average of $25.50 and a 200 day simple moving average of $22.01. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -28.25 and a beta of 2.99.

Ferrellgas Partners Company Profile

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.