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

Delixy’s (NASDAQ:DLXY) lock-up period is set to expire on Monday, January 5th. Delixy had issued 2,000,000 shares in its IPO on July 9th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

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

Delixy Trading Down 7.8%

Shares of NASDAQ:DLXY opened at $0.71 on Monday. The business has a 50 day simple moving average of $0.94. Delixy has a twelve month low of $0.61 and a twelve 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.