PTL (NASDAQ:PTLE) Trading 51.5% Higher – Here’s What Happened

PTL Limited (NASDAQ:PTLE) shares shot up 51.5% on Tuesday . The company traded as high as $0.45 and last traded at $0.2820. 581,199,068 shares changed hands during mid-day trading, an increase of 12,502% from the average session volume of 4,611,806 shares. The stock had previously closed at $0.1861.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of PTL in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

PTL Stock Up 51.5%

The business has a 50 day moving average price of $0.18 and a 200 day moving average price of $0.46.

Institutional Trading of PTL

An institutional investor recently bought a new position in PTL stock. XTX Topco Ltd acquired a new stake in shares of PTL Limited (NASDAQ:PTLE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 44,431 shares of the company’s stock, valued at approximately $58,000. XTX Topco Ltd owned about 0.12% of PTL at the end of the most recent reporting period.

PTL Company Profile

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.