Capital Product Partners L.P. (CPLP) Is Forming Multiple Bottom Pattern at $3.08

June 27, 2018 - By Maria Robertson

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.Currently Capital Product Partners L.P. is downtrending after 7.44% change in last June 27, 2017. CPLP has 265,741 shares volume. The stock underperformed the S&P 500 by 20.01%.

Capital Product Partners L.P. (NASDAQ:CPLP) is expected to report earnings on July, 27., according to RTT. Analysts forecast 33.33 % diference or $0.04 from the $0.06 EPS from 2017. If reported the P/E will be 19.22 with $5.19M profit. 100.00 % EPS growth is what Wall Street’s predicts after $0.02 reported EPS last quarter.

More recent Capital Product Partners L.P. (NASDAQ:CPLP) news were announced 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 announced 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 announced on June 15, 2018, called “Capital Product Partners LP Announces New Period Charters For Four Of Its Product Tankers”.

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