At $3.08 Capital Product Partners L.P. (CPLP) Forms Multiple Bottom Pattern

June 27, 2018 - By Samuel McNeil

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 hit $3.075 during the last trading session after $0.025 change.Capital Product Partners L.P. has volume of 265,741 shares. Since June 27, 2017 CPLP has declined 7.44% and is downtrending. CPLP underperformed by 20.01% the S&P 500.

Capital Product Partners L.P. (NASDAQ:CPLP)’s earnings release is anticipated by WallStreet on July, 27, as reported by RTT. This year’s EPS analyst estimate is anticipated to be $0.04. That is 33.33 % down compareed to $0.06 EPS for last year. CPLP’s profit could be $5.19M with 19.22 P/E in case $0.04 EPS is revealed. Wall Street now forecasts 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 brought out 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 brought out 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 brought out on June 15, 2018, called “Capital Product Partners LP Announces New Period Charters For Four Of Its Product Tankers”.

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