Martin Midstream Partners L.P. (NASDAQ:MMLP)’s share price dropped 7.3% during mid-day trading on Wednesday . The company traded as low as $9.57 and last traded at $9.57. Approximately 638,428 shares were traded during mid-day trading, an increase of 197% from the average daily volume of 215,245 shares. The stock had previously closed at $10.32.
MMLP has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Martin Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. BidaskClub upgraded shares of Martin Midstream Partners from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Finally, Zacks Investment Research lowered shares of Martin Midstream Partners from a “hold” rating to a “sell” rating in a research report on Saturday, February 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.50.
The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.07 and a current ratio of 1.91. The firm has a market cap of $399.08 million, a price-to-earnings ratio of -53.79 and a beta of 1.28.
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Martin Midstream Partners Company Profile (NASDAQ:MMLP)
Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 19 marine shore-based terminal facilities and 14 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products.
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