Delek Group (OTCMKTS:DGRLY) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Delek Group Ltd. (OTCMKTS:DGRLY – Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.25 and traded as low as $3.15. Delek Group shares last traded at $3.25, with a volume of 31,000 shares changing hands.

Delek Group Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.61 and a quick ratio of 1.56. The stock’s 50-day moving average is $3.25 and its 200 day moving average is $3.25.

Delek Group Company Profile

(Get Free Report)

Delek Group is an Israel-based diversified energy holding company with interests spanning the upstream, midstream and downstream segments of the oil and gas industry. Through its portfolio of wholly and partially owned subsidiaries, the group is engaged in crude oil and refined product refining, fuel marketing, logistics and natural gas exploration and production. Its operations encompass refining facilities, fuel distribution networks and infrastructure for the storage and transportation of petroleum products.

In its downstream activities, Delek Group oversees refining operations that process crude oil into gasoline, diesel, jet fuel and other petroleum derivatives.

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