Ferrellgas Partners (OTCMKTS:FGPR) Trading Down 5.6% – Should You Sell?

Ferrellgas Partners, L.P. (OTCMKTS:FGPR)’s share price dropped 5.6% during mid-day trading on Tuesday . The stock traded as low as $22.50 and last traded at $23.1101. Approximately 5,202 shares changed hands during trading, a decline of 17% from the average daily volume of 6,263 shares. The stock had previously closed at $24.48.

Ferrellgas Partners Stock Down 5.0%

The stock has a fifty day simple moving average of $20.23 and a 200-day simple moving average of $17.98. The company has a market capitalization of $2.26 billion, a P/E ratio of -27.36 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.