CBL International (NASDAQ:BANL) Stock Price Down 1.7% – Should You Sell?

CBL International Limited (NASDAQ:BANL)’s stock price was down 1.7% on Tuesday. The stock traded as low as $2.83 and last traded at $2.90. 20,533 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 18,403 shares. The stock had previously closed at $2.95.

Analyst Upgrades and Downgrades

BANL has been the subject of several research reports. Wall Street Zen raised shares of CBL International from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. Weiss Ratings raised CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

CBL International Stock Performance

The business’s 50 day simple moving average is $5.07 and its 200 day simple moving average is $6.11.

CBL International (NASDAQ:BANL) last announced its quarterly earnings results on Tuesday, August 18th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $197.79 million for the quarter.

CBL International Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 28th were given a $0.10 dividend. The ex-dividend date was Friday, August 28th.

About CBL International

CBL International Limited is a marine fuel logistics company that supplies fuel and related products to vessels. Its offerings include marine fuel oil, marine gas oil and lubricants used by commercial shipping operators. The company also provides logistics services associated with the storage, transportation and delivery of marine fuel. These services are intended to support ship owners, operators and charterers in meeting their bunkering requirements. CBL International was established in 2015 and serves customers in the Asia-Pacific region, including markets associated with major ports in China, Hong Kong, Singapore and Malaysia.