Ferrellgas Stock Hits New 52-Week Low (FGP)

NEW YORK ( TheStreet) -- Ferrellgas Partners (NYSE: FGP) hit a new 52-week low Wednesday as it is currently trading at $17.73, below its previous 52-week low of $17.76 with 440,117 shares traded as of 3:04 p.m. ET. Average volume has been 197,600 shares over the past 30 days.

Ferrellgas has a market cap of $1.4 billion and is part of the basic materials sector and energy industry. Shares are down 4.2% year to date as of the close of trading on Tuesday.

Ferrellgas Partners, L.P. engages in the distribution and sale of propane, and related equipment and supplies primarily in the United States.

TheStreet Ratings rates Ferrellgas as a hold. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Ferrellgas Ratings Report.

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