Home / Basic Materials / Calumet Specialty Products Partners L.P. (CLMT) Dives 4.07% in Morning Session on September 22

Calumet Specialty Products Partners L.P. (CLMT) Dives 4.07% in Morning Session on September 22

Calumet Specialty Products Partners L.P. (CLMT) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector halfway through the trading day. At the lunch break, shares of CLMT have fallen 4.07% to $5.15 after closing the day prior at $5.37. So far, the stock has traded as high as $5.57 and as low as $5.1. Today’s decline has come with about 385,725 shares changing hands, compared to an average 30-day volume of 485,266 for Calumet Specialty Products Partners L.P.. The price is currently below the 30-day volume weighted average price of $5.31 for CLMT.

The share depreciation gives the company a market capitalization of $410.11 million based upon 76.37 million shares outstanding. It also means that CLMT has a price-to-book ratio of 1.24:1.

In the past 52 weeks, shares of CLMT have traded as low as $3.42 and as high as $27.875. Technical traders will take note that at $5.15, shares of CLMT are trading below their 200-day MA at $9.28 and below their 50-day MA at $5.25. 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 CLMT?

Calumet Specialty Products Partners LP is a producer of hydrocarbon products in North America. It owns specialty and fuel products facilities located in northwest Louisiana, northwest Wisconsin, northern Montana, Texas, New Jersey, and other areas. The company’s 2100 employees are led by CEO Timothy Go from the corporate headquarters at 2780 Waterfront Parkway East Drive in Indianapolis, IN.

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