CBL International (NASDAQ:BANL) Stock Scheduled to Reverse Split on Monday, July 20th

CBL International Limited (NASDAQ:BANL) shares are scheduled to reverse split on the morning of Monday, July 20th. The 1-13 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 19th.

CBL International Stock Performance

CBL International stock traded down $0.07 during mid-day trading on Thursday, reaching $0.34. The stock had a trading volume of 604,880 shares, compared to its average volume of 855,648. The company has a 50-day moving average price of $0.41 and a two-hundred day moving average price of $0.46. CBL International has a one year low of $0.27 and a one year high of $0.98.

CBL International (NASDAQ:BANL) last announced its quarterly earnings data on Friday, April 17th. The company reported ($0.03) EPS for the quarter. The company had revenue of $136.66 million for the quarter.

Analyst Ratings Changes

Several brokerages recently weighed in on BANL. Wall Street Zen raised shares of CBL International to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CBL International presently has an average rating of “Sell”.

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.