Capital Product Partners L.P. (CPLP) has risen sharply, recording gains of 26.09% in the past 4 weeks. However, the stock has corrected -4.07% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 21.99% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 12% and the 50-Day Moving Average is 21.83%. Capital Product Partners L.P. is up 38.6% in the last 3-month period. Year-to-Date the stock performance stands at -25.72%.
Capital Product Partners L.P. (NASDAQ:CPLP): On Fridays trading session , Opening price of the stock was $3.75 with an intraday high of $3.82. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $3.53. However, the stock managed to close at $3.77, a loss of 1.05% for the day. On the previous day, the stock had closed at $3.81. The total traded volume of the day was 1,516,347 shares.
Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. As of December 31, 2014, the Companys fleet consisted of 30 vessels with 2.1 million deadweight tonnage (dwt) capacity, including four Suezmax crude oil tankers, 18 medium range (MR) tankers, all of which are classed as International Maritime Organization (IMO) II/III vessels, seven post-panamax container carrier vessels and one Capesize bulk carrier. Its vessels are capable of carrying a range of cargoes, including crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, edible oils and certain chemicals, such as ethanol, as well as dry cargo and containerized goods. The Company provides marine transportation services under medium to long-term time charters or bareboat charters with various counterparties, such as Maersk Line, BP Shipping Limited, Overseas Shipholding Group Inc., Engen Petroleum Ltd., Repsol Trading S.A. and SUBTEC S.A. de C.V.