Delixy (NASDAQ:DLXY) Trading 15.2% Higher – Still a Buy?

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DLXY shares. Weiss Ratings cut Delixy from a “sell (d-)” rating to a “sell (e+)” rating in a research note 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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Delixy presently has an average rating of “Sell”.

Read Our Latest Report on DLXY

Delixy Trading Down 0.4%

The stock has a 50-day moving average of $0.54 and a 200 day moving average of $0.73.

Delixy (NASDAQ:DLXYGet Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.16) EPS for the quarter. The company had revenue of $102.87 million during the quarter.

About Delixy

(Get Free Report)

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.

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