CVR Partners (NYSE:UAN) Shares Gap Down to $47.26

CVR Partners, LP (NYSE:UAN) gapped down before the market opened on Thursday . The stock had previously closed at $47.26, but opened at $46.25. CVR Partners shares last traded at $45.75, with a volume of 102 shares trading hands.

The company has a quick ratio of 1.02, a current ratio of 1.69 and a debt-to-equity ratio of 1.88. The company has a 50 day simple moving average of $31.59 and a 200-day simple moving average of $16.98. The stock has a market cap of $489.16 million, a price-to-earnings ratio of -5.03 and a beta of 1.84.

CVR Partners (NYSE:UAN) last announced its quarterly earnings results on Monday, February 22nd. The basic materials company reported ($1.53) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.77) by $0.24. CVR Partners had a negative return on equity of 17.27% and a negative net margin of 30.71%. The business had revenue of $90.30 million for the quarter.

An institutional investor recently raised its position in CVR Partners stock. Morgan Stanley raised its position in shares of CVR Partners, LP (NYSE:UAN) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,455,761 shares of the basic materials company’s stock after purchasing an additional 40,430 shares during the quarter. Morgan Stanley owned about 1.31% of CVR Partners worth $1,263,000 as of its most recent SEC filing.

CVR Partners Company Profile (NYSE:UAN)

CVR Partners, LP, together with its subsidiaries, produces and distributes nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea and ammonium nitrate products to agricultural customers, as well as retailers and distributors.

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