PTL (NASDAQ:PTLE) Trading Up 3.1% – Here’s Why

Shares of PTL Limited (NASDAQ:PTLE) rose 3.1% during mid-day trading on Friday . The company traded as high as $0.22 and last traded at $0.22. Approximately 1,238,736 shares were traded during trading, a decline of 42% from the average daily volume of 2,141,582 shares. The stock had previously closed at $0.21.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of PTL in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

PTL Stock Up 3.1%

The firm has a fifty day moving average of $0.19 and a 200-day moving average of $0.65.

Hedge Funds Weigh In On PTL

An institutional investor recently bought a new position in PTL stock. XTX Topco Ltd bought a new position in shares of PTL Limited (NASDAQ:PTLE) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 44,431 shares of the company’s stock, valued at approximately $58,000. XTX Topco Ltd owned 0.12% of PTL as of its most recent filing with the Securities and Exchange Commission.

PTL Company Profile

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.