Delixy Holdings Limited’s Lock-Up Period Will Expire Tomorrow (NASDAQ:DLXY)

Delixy’s (NASDAQ:DLXY) lock-up period is set to end on Monday, January 5th. Delixy had issued 2,000,000 shares in its initial public offering on July 9th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

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

Delixy Stock Performance

Shares of NASDAQ:DLXY opened at $0.86 on Friday. The stock’s 50 day moving average price is $0.96. Delixy has a 12 month low of $0.61 and a 12 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.