CBL International (NASDAQ:BANL) Releases Quarterly Earnings Results

CBL International (NASDAQ:BANL) announced its quarterly earnings data on Friday. The company reported ($0.03) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $136.66 million during the quarter.

CBL International Trading Down 2.6%

CBL International stock opened at $0.44 on Friday. The stock has a 50-day simple moving average of $0.56 and a 200 day simple moving average of $0.51. CBL International has a 52 week low of $0.28 and a 52 week high of $1.09.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CBL International in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About CBL International

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.