Delek Group (OTCMKTS:DGRLY) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Delek Group Ltd. (OTCMKTS:DGRLY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 stock has a fifty day moving average price of $3.25 and a two-hundred day moving average price of $3.25. The company has a current ratio of 1.41, a quick ratio of 1.20 and a debt-to-equity ratio of 0.82.

About Delek Group

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.