Delixy Holdings Limited’s Lock-Up Period To Expire on January 5th (NASDAQ:DLXY)

Delixy’s (NASDAQ:DLXY) lock-up period will expire on Monday, January 5th. Delixy had issued 2,000,000 shares in its initial public offering on July 9th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. After the end of Delixy’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Delixy in a research note on Wednesday, October 8th. They issued a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Delixy Trading Down 7.8%

NASDAQ:DLXY opened at $0.71 on Monday. The stock has a 50-day moving average price of $0.94. Delixy has a 12 month low of $0.61 and a 12 month high of $7.16.

Delixy Company Profile

Delixy Holdings Limited is a company principally engaged in the trading of oil-related products, including crude oil and oil-based products such as fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals and naphtha. Delixy Holdings Limited is based in Singapore.