Uni-Fuels (NASDAQ:UFG) Stock Price Down 1.4% – Here’s Why

Uni-Fuels Holdings Limited (NASDAQ:UFG) dropped 1.4% during trading on Monday. The stock traded as low as $0.35 and last traded at $0.3649. 34,338 shares traded hands during trading, a decline of 87% from the average session volume of 257,552 shares. The stock had previously closed at $0.3699.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Uni-Fuels in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

Uni-Fuels Stock Up 2.0%

The company has a 50-day moving average price of $0.51 and a 200 day moving average price of $0.68.

Uni-Fuels (NASDAQ:UFG) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $98.55 million for the quarter. Research analysts expect that Uni-Fuels Holdings Limited will post 0.01 EPS for the current year.

Uni-Fuels Company Profile

Uni-Fuels Holdings Limited is a Singapore-based marine fuel solutions provider that helps vessel owners, operators and charterers source and manage fuel for commercial shipping operations. The company focuses on the procurement, trading and supply of marine fuels, supporting customers with fuel sourcing and delivery services.

Uni-Fuels serves the international maritime industry through relationships with fuel suppliers and service providers in major shipping markets. Its offerings are intended to help customers obtain bunker fuels and related marine energy products at ports where their vessels operate, with services covering the coordination of supply, pricing and delivery.

The company was established to provide a more streamlined approach to marine fuel procurement and logistics.