Ferrellgas Partners (OTCMKTS:FGPR) Reaches New 52-Week High – Time to Buy?

Ferrellgas Partners, L.P. (OTCMKTS:FGPR)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $27.29 and last traded at $27.29, with a volume of 225 shares trading hands. The stock had previously closed at $27.20.

Ferrellgas Partners Trading Up 0.3%

The stock has a 50 day simple moving average of $24.88 and a 200-day simple moving average of $20.82. The firm has a market capitalization of $2.52 billion, a P/E ratio of -30.47 and a beta of 2.99.

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.