Capital Product Partners L.P. (CPLP) Has Multiple Bottom Trading At $3.08

June 27, 2018 - By Sarah Holford

Multiple bottoms chart setup was formed by Capital Product Partners L.P. (CPLP) with $2.83 price target or 8.00 % below today’s $3.08 stock price. The multiple bottoms chart setup was posted on Jun, 27 by Finviz.com. At $2.83 price target, the company’s valuation could be $31.90M less.

CPLP reached $3.075 during the last trading session after $0.025 change.Currently Capital Product Partners L.P. is downtrending after 7.44% change in last June 27, 2017. CPLP has 265,741 shares volume. CPLP underperformed by 20.01% the S&P500.

On July, 27 is expected Capital Product Partners L.P. (NASDAQ:CPLP)’s earnings report, Faxor reports. Analysts forecast $0.04 EPS, which is $0.02 down or 33.33 % from 2017’s $0.06 EPS. The profit will be $5.19M for CPLP if $0.04 EPS becomes true. Wall Street now predicts 100.00 % EPS growth despite Capital Product Partners L.P. previous quarter’s EPS of $0.02.

More recent Capital Product Partners L.P. (NASDAQ:CPLP) news were released by Globenewswire.com, Seekingalpha.com and Nasdaq.com. The first one has “Investor Expectations to Drive Momentum within Capital Product Partners, Nova Measuring Instruments, BioSpecifics …” as a title and was released on June 06, 2018. The next is “Capital Product Partners: This Greek Shipping Company Is A Risky But Decent Dividend Pick” on June 12, 2018. And last was released on June 15, 2018, called “Capital Product Partners LP Announces New Period Charters For Four Of Its Product Tankers”.

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