Alon USA Partners LP Hits New 52-Week Low at $11.40 (ALDW)
Shares of Alon USA Partners LP (NASDAQ:ALDW) hit a new 52-week low during mid-day trading on Wednesday, AmericanBankingNews.com reports. The stock traded as low as $11.40 and last traded at $11.51, with a volume of 381,409 shares trading hands. The stock had previously closed at $11.93.
ALDW has been the subject of a number of recent research reports. Analysts at Credit Suisse cut their price target on shares of Alon USA Partners LP from $20.00 to $18.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock.
Alon USA Partners LP has a 52 week low of $11.80 and a 52 week high of $29.12. The stock’s 50-day moving average is $14.36 and its 200-day moving average is $20.88. The company has a market cap of $723.8 million and a price-to-earnings ratio of 26.93.
Alon USA Partners, LP (NASDAQ:ALDW) owns and operates refining and petroleum products marketing business.
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