CBL International Shares Scheduled to Reverse Split on Monday, July 20th (NASDAQ:BANL)

CBL International Limited (NASDAQ:BANL) shares are going to reverse split on the morning of Monday, July 20th. The 1-13 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 19th.

CBL International Price Performance

NASDAQ:BANL traded down $0.07 on Thursday, reaching $0.34. 604,880 shares of the company’s stock traded hands, compared to its average volume of 119,251. The stock has a 50-day simple moving average of $0.41 and a 200-day simple moving average of $0.46. CBL International has a 12 month low of $0.27 and a 12 month high of $0.98.

CBL International (NASDAQ:BANL) last announced its quarterly earnings data on Friday, April 17th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $136.66 million during the quarter.

Analyst Ratings Changes

BANL has been the topic of a number of research analyst reports. Weiss Ratings cut CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 30th. Wall Street Zen raised shares of CBL International to a “sell” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

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.