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

PTL Limited (NASDAQ:PTLE – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $7.72, but opened at $7.01. PTL shares last traded at $7.2140, with a volume of 1,327 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PTL in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, PTL presently has an average rating of “Sell”.

View Our Latest Stock Analysis on PTLE

PTL Trading Down 3.8%

The company’s 50 day simple moving average is $8.78 and its 200-day simple moving average is $7.31.

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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