PTL (NASDAQ:PTLE) Shares Gap Down – Here’s Why

PTL Limited (NASDAQ:PTLE) gapped down before the market opened on Thursday . The stock had previously closed at $7.95, but opened at $7.67. PTL shares last traded at $7.4690, with a volume of 667 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PTL in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

PTL Price Performance

The firm has a 50 day moving average of $8.00 and a 200-day moving average of $10.75.

PTL Company Profile

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.