August 1, 2016 - 4:08 PM EDT
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Early Loss of 2.92% for Capital Product Partners L.P. (CPLP) on August 1 Drags on Services Sector

Capital Product Partners L.P. (CPLP) started the trading day on a down note, making it one of the worst performing stocks in the services sector of NYSE and NASDAQ listed companies shortly after the opening bell on August 1. Shares of CPLP have fallen 2.92% about 30 minutes into the session to $3.66 after closing the day prior at $3.77. It’s early, but the stock has traded as high as $3.79 and as low as $3.64 so far. Today's quick decline has come with about 58,193 shares changing hands, compared to an average 30-day volume of 1.03 million for Capital Product Partners L.P.. The price is currently below the 30-day volume weighted average price of $3.72 for CPLP. The share depreciation gives the company a market capitalization of $463.14 million based upon 122.85 million shares outstanding. It also means that CPLP has a price-to-book ratio of 0.5:1. In the past 52 weeks, shares of CPLP have traded as low as $2.41 and as high as $8.02. Technical traders will take note that at $3.66, shares of CPLP are trading below their 200-day MA at $3.91 and above their 50-day MA at $3.12. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish. Who is CPLP? Capital Product Partners LP is an owner of tanker, container and drybulk vessels. Its fleet consists of four Suezmax crude oil tankers, twenty modern MR tankers, nine post-panamax container carrier vessels and one Capesize bulk carrier. The company’s employees are led by CEO Gerasimos G. Kalogiratos from the corporate headquarters at 3 Iassonos Street in Piraeus, . For more information on CPLP and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit today. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. is not responsible for inaccuracies in third-party supplied information. About is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (August 1, 2016 - 4:08 PM EDT)

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