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

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

Analyst Ratings Changes

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

Delixy Price Performance

The business’s 50 day moving average is $0.47 and its 200 day moving average is $0.68.

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

About Delixy

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.