CBL International (NASDAQ:BANL) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of CBL International (NASDAQ:BANL) to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

CBL International Price Performance

BANL stock opened at $9.01 on Friday. The firm has a 50 day simple moving average of $7.55 and a two-hundred day simple moving average of $6.88. CBL International has a one year low of $3.46 and a one year high of $16.40.

CBL International (NASDAQ:BANL) last posted its quarterly earnings data on Tuesday, August 18th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $197.79 million for the quarter.

CBL International Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be issued a $0.10 dividend. The ex-dividend date is Friday, August 28th.

CBL International Company Profile

CBL International Limited, a marine fuel logistics company, provides vessel refueling solutions in Malaysia, Hong Kong, China, South Korea, Singapore, and internationally. It facilitates vessel refueling between ship operators and local physical distributors/traders by purchasing marine fuel, including both fossil fuel and alternative fuel. The company’s services to its customers include vessel refueling options available at ports; arranges vessel refueling activities and local physical delivery of marine fuel; and coordinates vessel refueling schedule.