Delek Group (OTCMKTS:DGRLY) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of Delek Group Ltd. (OTCMKTS:DGRLY) passed below its fifty day moving average during trading on Monday . 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.

Delek Group Price Performance

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

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.