Legacy Reserves LP (LGCY) locked -4.76% down from its SMA-50

Legacy Reserves LP (LGCY) recently closed with fall of -3.25% to its 20-Day Simple Moving Average. This short time frame picture represents a downward movement of current price over average price of last 20 days. Now moving toward intermediate time frame, 50-day Moving average is more useful at showing position trading trends lasting 50 days. Shares of LGCY moved downward with change of -4.76% to its 50-day Moving average. This falling movement shows negative prices direction over last 50 days. LGCY stock price revealed optimistic move of 14.11% comparing average price of last 200 days. This comparison showed up direction of price above its 200-SMA. Legacy Reserves LP (LGCY) stock price moved downswing along with the volume 0.23 million shares in Yesterday session. Shares are clocking price at $5.01 with change of -6.88%.

Current trade price levels places LGCY’s stock about -52.47% away from the 52-week high and closed 368.22% away from the 52-week low. The total dollar value of all 73.72 million outstanding shares is 0.37 billion. The company’s 3-months average volume stands at 0.36 million. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 0.64.

Currently Analysts have a mean recommendation of 3.00 on the shares. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell.

The beta factor is 1.94.Volatility shows sense of how far the stock will fall if the market takes a dive and how high stock will rise if the bull starts to climb. A stock with a beta more than 1 means high volatile and less than 1 means low volatile.

Common shareholders want to know how profitable their capital is in the businesses they invest it in. The company gives a ROE of 13.70%. The higher the ROE, the better the company is at generating profits.

ROI is 2.00%. A positive result means that returns exceed costs. Analysts therefore consider the investment a net gain. The opposite kind of result, a negative means that costs outweigh returns. Analysts therefore view the investment as a net loss.

Investors saw a negative move of -0.79% in last five trading days. This performance is snap pessimistic view of last week. The stock is remained in negative radar as stock is falling. Going back previous 30 days we noticed that LGCY performed along premium change of 11.83%. This booming movement indicates the picture of whole previous month is healthy. Currently Legacy Reserves LP (LGCY) stock is moving with Upswing trend.

Going move backward a period of six month analysis we come to know that stock soared 30.13% giving rising alert for Investors. Now we take an assessment of last twelve months period, where stock moved higher with performance of 294.49%. Investors also expect the good YTD performance from the stock. From the start of year 2018 to present date LGCY reported surged performance of 211.18%.

Rory Tomholt

Rory Tomholt

Rory Tomholt: Services Reporter I am Rory Tomholt and I have over 17 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. Address: 4645 Hewes Avenue Catonsville, MD 21228 Phone: 443-612-9469 Email: rory@nasdaqplace.com

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