Delixy (NASDAQ:DLXY) Stock Price Down 2.1% – Here’s Why

Delixy Holdings Limited (NASDAQ:DLXY) was down 2.1% during mid-day trading on Tuesday . The company traded as low as $0.4115 and last traded at $0.4435. Approximately 22,421 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 538,161 shares. The stock had previously closed at $0.4532.

Analyst Upgrades and Downgrades

DLXY has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Delixy from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings downgraded shares of Delixy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Delixy Trading Down 2.1%

The business has a 50-day moving average of $0.47 and a 200-day moving average of $0.68.

Delixy (NASDAQ:DLXY) last issued its earnings results on Friday, May 1st. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $102.87 million during the quarter.

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.