Is It Time To Sell Your Shares? Crestwood Equity Partners LP(NYSE:CEQP) and Echo Automotive Inc(OTCMKTS:ECAU)

Posted by Saimoon August 14, 2014 0 Comment 965 views


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Crestwood Equity Partners LP(NYSE:CEQP) saw its value decline by 6.81% during yesterday’s trading as the stock lost eighty-six cents to finish the day at a closing price of $11.77. The stock notably traded for as little as $11.55 during the day, a new 52 week low for the Texas-based natural gas storage company that once reached a 52 week high of $15.78. It was a rather active day for Crestwood as the stock had a trading volume of 1,358,774,

            Before the markets opened on Aug. 6th, Crestwood released its second quarter financial results. Key figures included an Adjusted EBITDA of $117.7, up $1.1 million from the first quarter, and a net loss of $4.8 million for the second quarter. Since making the announcement, Crestwood has seen its value decline by $2.59.

Can Crestwood Rebound From Its Disappointing Financial Results Report? Click Here For A Free CEQP Analysis.

Echo Automotive Inc(OTCMKTS:ECAU) suffered a 25.64% decrease in value yesterday as the stock lost $0.0010, leaving the stock at a closing price of $0.0029. The stock remains heavily traded with a trading volume of 130,825,166, which is over 120,000,000 higher than its three month average of 10,311,200. The Arizona-based company has a market capitalization of just $272,276.

On Aug. 6th, the company released a Form 8-K announcing that it had received a notice of default from Magna Equities II, LLC. Echo Automotive, which failed to repay a debt of $350,766.67, does not expect to be able to file its 10-Q by Aug. 15th, 2014 and is currently “exploring options to restructure the business.” All signs appear to be pointing to Echo Automotive’s eventual demise.

Does Echo Automotive Have Even The Slightest Chance Of Recovery? View Our Free ECAU Analysis.

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