Delixy (NASDAQ:DLXY) Trading Up 15.2% – Should You Buy?

Delixy Holdings Limited (NASDAQ:DLXY)’s stock price rose 15.2% on Thursday . The stock traded as high as $0.6276 and last traded at $0.49. Approximately 1,651,031 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 1,319,528 shares. The stock had previously closed at $0.4255.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DLXY shares. Weiss Ratings lowered shares of Delixy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Delixy from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Delixy Stock Performance

The stock has a 50 day simple moving average of $0.54 and a two-hundred day simple moving average of $0.73.

Delixy (NASDAQ:DLXY) last issued its quarterly earnings data on Friday, May 1st. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm 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.