PTL (NASDAQ:PTLE) Trading Down 13.1% – Here’s Why

Shares of PTL Limited (NASDAQ:PTLEGet Free Report) dropped 13.1% during trading on Thursday . The company traded as low as $7.01 and last traded at $6.7050. 304 shares traded hands during trading, a decline of 100% from the average session volume of 101,028 shares. The stock had previously closed at $7.72.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PTL in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Read Our Latest Research Report on PTLE

PTL Trading Down 3.8%

The stock has a 50-day moving average price of $8.77 and a 200 day moving average price of $7.30.

PTL Company Profile

(Get Free Report)

PTL Limited is an established bunkering facilitator providing marine fuel logistics services for vessel refueling, primarily container ships, bulk carriers, general cargo vessels and chemical tankers principally serving the Asia Pacific market. PTL Limited is based in Hong Kong.

Further Reading

Receive News & Ratings for PTL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTL and related companies with MarketBeat.com's FREE daily email newsletter.