CBL International (NASDAQ:BANL) Shares Down 2.8% – Here’s What Happened

Shares of CBL International Limited (NASDAQ:BANL) fell 2.8% on Tuesday . The stock traded as low as $0.3929 and last traded at $0.4291. 263,268 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 969,194 shares. The stock had previously closed at $0.4415.

Wall Street Analyst Weigh In

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

CBL International Stock Down 2.8%

The business has a 50 day moving average price of $0.55 and a 200 day moving average price of $0.51.

CBL International Company Profile

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.