CBL International (NASDAQ:BANL) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of CBL International (NASDAQ:BANL – Free Report) from a hold rating to a buy rating in a report released on Sunday morning,Wall Street Zen reports.

Separately, Weiss Ratings lowered CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CBL International has an average rating of “Sell”.

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CBL International Stock Performance

CBL International stock opened at $6.30 on Friday. The company’s 50-day moving average is $7.74 and its 200-day moving average is $6.96. CBL International has a fifty-two week low of $3.46 and a fifty-two week high of $16.40.

CBL International (NASDAQ:BANL – Get Free Report) last issued its earnings results on Tuesday, August 18th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $197.79 million during the quarter.

CBL International Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 28th will be issued a $0.10 dividend. The ex-dividend date is Friday, August 28th.

CBL International Company Profile

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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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