CBL International (NASDAQ:BANL) Trading Up 0.5% – Still a Buy?

Shares of CBL International Limited (NASDAQ:BANL) traded up 0.5% on Thursday . The company traded as high as $4.21 and last traded at $3.96. 54,223 shares were traded during mid-day trading, a decline of 51% from the average session volume of 109,639 shares. The stock had previously closed at $3.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen raised CBL International to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

CBL International Trading Up 0.5%

The business has a 50-day moving average price of $4.94 and a 200-day moving average price of $5.86.

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.