Delixy (NASDAQ:DLXY) Trading Down 2.1% – What’s Next?

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

Wall Street Analyst Weigh In

DLXY has been the subject of a number of recent research reports. Weiss Ratings cut shares of Delixy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Delixy from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Delixy Stock Performance

The stock has a 50 day simple moving average of $0.47 and a 200-day simple moving average of $0.67.

Delixy (NASDAQ:DLXY) last released its earnings results on Friday, May 1st. The company reported ($0.16) 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.