Archrock Partners L.P. (APLP) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on September 22, climbing 3.3% to wrap the day at $15.03 after closing the day prior at $14.55. Throughout the trading session, shares of APLP rose as high as $15.24 and dipped as low as $14.61. Today’s advance came with about 76,660 shares changing hands, compared to an average 30-day volume of 139,634 for Archrock Partners L.P.. The price is currently below the 30-day volume weighted average price of $14.94 for APLP.
The share appreciation today gives the company a market capitalization of $873.52 million based upon 60.04 million shares outstanding. It also means that APLP has a price-to-book ratio of 1.78:1.
In the past 52 weeks, shares of APLP have traded as low as $5.36 and as high as $20.96. Technical traders will take note that at $15.03, shares of APLP are trading above their 200-day MA at $11.47 and above their 50-day MA at $14.22. 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 above them is typically regarded as bullish.
Who is APLP?
Archrock Partners LP offers natural gas compression products and services. Its contract operations services include designing, sourcing, owning, installing, operating, servicing, among others. The company’s employees are led by CEO D. Bradley Childers from the corporate headquarters at 16666 Northchase Drive in Houston, TX.
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