PTL (NASDAQ:PTLE) Trading Down 10.9% – Here’s What Happened

PTL Limited (NASDAQ:PTLEGet Free Report)’s share price dropped 10.9% during mid-day trading on Wednesday . The company traded as low as $8.55 and last traded at $8.1250. Approximately 4,707 shares were traded during trading, a decline of 93% from the average daily volume of 68,625 shares. The stock had previously closed at $9.12.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of PTL in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

View Our Latest Research Report on PTL

PTL Price Performance

The firm’s 50-day simple moving average is $9.00 and its 200 day simple moving average is $12.22.

PTL Company Profile

(Get Free Report)

PTL Limited is an established bunkering facilitator providing marine fuel logistics services for vessel refueling, primarily container ships, bulk carriers, general cargo vessels and chemical tankers principally serving the Asia Pacific market. PTL Limited is based in Hong Kong.

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