Investment analysts at StockNews.com started coverage on shares of Capital Product Partners (NASDAQ:CPLP – Get Free Report) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the shipping company’s stock.
Capital Product Partners Price Performance
Shares of CPLP opened at $16.77 on Friday. Capital Product Partners has a 1 year low of $12.70 and a 1 year high of $18.85. The company has a current ratio of 1.41, a quick ratio of 1.20 and a debt-to-equity ratio of 1.48. The stock’s 50-day moving average price is $16.55 and its two-hundred day moving average price is $16.90. The stock has a market cap of $928.86 million, a P/E ratio of 7.32 and a beta of 0.87.
Capital Product Partners (NASDAQ:CPLP – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The shipping company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.23. The business had revenue of $97.67 million for the quarter, compared to analyst estimates of $90.22 million. Capital Product Partners had a return on equity of 6.30% and a net margin of 18.51%. During the same quarter in the prior year, the company earned $0.36 earnings per share. On average, equities analysts predict that Capital Product Partners will post 1.57 earnings per share for the current year.
Institutional Trading of Capital Product Partners
Capital Product Partners Company Profile
Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo under short-term voyage charters, and medium to long-term time charters.
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