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

Ferrellgas Partners, L.P. (OTCMKTS:FGPR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $18.80, but opened at $18.28. Ferrellgas Partners shares last traded at $18.70, with a volume of 486 shares.

Ferrellgas Partners Stock Performance

The stock has a market capitalization of $1.79 billion, a P/E ratio of -21.65 and a beta of 2.99. The business has a 50 day simple moving average of $18.32 and a 200-day simple moving average of $15.09.

About Ferrellgas Partners

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.