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

PTL Limited (NASDAQ:PTLE) shares 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 traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of PTL in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

PTL Stock Down 11.7%

The company has a fifty day moving average price of $8.00 and a two-hundred day moving average price of $10.75.

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.