PTL (NASDAQ:PTLE) Shares Gap Up – Here’s What Happened

PTL Limited (NASDAQ:PTLE)’s share price gapped up prior to trading on Monday . The stock had previously closed at $5.80, but opened at $6.29. PTL shares last traded at $6.7140, with a volume of 826 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of PTL from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

PTL Price Performance

The stock’s 50-day moving average price is $7.30 and its 200-day moving average price is $9.89.

About PTL

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.