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

Delixy’s (NASDAQ:DLXY) lock-up period will expire 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 expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

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

Delixy Trading Up 67.9%

Shares of DLXY stock opened at $1.41 on Wednesday. Delixy has a 12-month low of $0.61 and a 12-month high of $7.16. The stock has a 50-day moving average price of $0.95.

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.