CBL International Limited (NASDAQ:BANL – Get Free Report)’s share price was down 1.7% during trading on Tuesday. The stock traded as low as $2.83 and last traded at $2.90. Approximately 20,533 shares changed hands during trading, an increase of 12% from the average session volume of 18,403 shares. The stock had previously closed at $2.95.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on BANL shares. Wall Street Zen raised shares of CBL International from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. Weiss Ratings raised CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on CBL International
CBL International Trading Up 2.8%
The firm’s 50-day moving average is $4.83 and its two-hundred day moving average is $6.10.
CBL International (NASDAQ:BANL – Get Free Report) last posted its earnings results on Tuesday, August 18th. The company reported $0.03 EPS for the quarter. The business had revenue of $197.79 million during the quarter.
CBL International Dividend Announcement
The firm also recently announced a dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 28th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 28th.
About CBL International
CBL International Limited is a marine fuel logistics company that supplies fuel and related products to vessels. Its offerings include marine fuel oil, marine gas oil and lubricants used by commercial shipping operators. The company also provides logistics services associated with the storage, transportation and delivery of marine fuel. These services are intended to support ship owners, operators and charterers in meeting their bunkering requirements. CBL International was established in 2015 and serves customers in the Asia-Pacific region, including markets associated with major ports in China, Hong Kong, Singapore and Malaysia.
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