CBL International (NASDAQ:BANL) Shares Up 0.5% – Here’s Why

CBL International Limited (NASDAQ:BANLGet Free Report) shares rose 0.5% during mid-day trading on Thursday . The company traded as high as $4.21 and last traded at $3.96. 54,223 shares changed hands during trading, a decline of 51% from the average session volume of 109,639 shares. The stock had previously closed at $3.94.

Analysts Set New Price Targets

Several brokerages have weighed in on BANL. Weiss Ratings lowered CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 30th. Wall Street Zen upgraded CBL International to a “sell” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CBL International has a consensus rating of “Sell”.

Get Our Latest Research Report on BANL

CBL International Stock Performance

The business’s fifty day moving average price is $4.94 and its two-hundred day moving average price is $5.86.

CBL International Company Profile

(Get Free Report)

CBL International Limited, a marine fuel logistics company, provides vessel refueling solutions in Malaysia, Hong Kong, China, South Korea, Singapore, and internationally. It facilitates vessel refueling between ship operators and local physical distributors/traders by purchasing marine fuel, including both fossil fuel and alternative fuel. The company’s services to its customers include vessel refueling options available at ports; arranges vessel refueling activities and local physical delivery of marine fuel; and coordinates vessel refueling schedule.

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