PTL (NASDAQ:PTLE) Shares Up 10.4% – Still a Buy?

PTL Limited (NASDAQ:PTLE – Get Free Report) rose 10.4% during mid-day trading on Tuesday. The company traded as high as $7.10 and last traded at $7.4410. 22,049 shares traded hands during trading, a decline of 77% from the average daily volume of 96,880 shares. The stock had previously closed at $6.74.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PTL in a report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Get Our Latest Analysis on PTLE

PTL Stock Performance

The company has a 50 day moving average price of $8.19 and a two-hundred day moving average price of $7.17.

About PTL

(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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