Delek Group (OTCMKTS:DGRLY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Delek Group Ltd. (OTCMKTS:DGRLY)’s share price passed 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 Stock Performance

The business’s 50-day simple moving average is $3.25 and its 200 day simple moving average is $3.25. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.20 and a current ratio of 1.41.

Delek Group Company Profile

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.