Delta Technology Holdings Limited (DELT) started the trading day on a down note, making it one of the worst performing stocks in the basic materials sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of DELT have fallen 5.71% about 30 minutes into the session to $1.65 after closing the day prior at $1.75. It’s early, but the stock has traded as high as $1.65 and as low as $1.65 so far. Today’s quick decline has come with about 4,400 shares changing hands, compared to an average 30-day volume of 131,001 for Delta Technology Holdings Limited. The price is currently below the 30-day volume weighted average price of $1.65 for DELT.
The share depreciation gives the company a market capitalization of $16.83 million based upon 9.62 million shares outstanding. It also means that DELT has a price-to-book ratio of 0.28:1.
In the past 52 weeks, shares of DELT have traded as low as $0.4299 and as high as $3.14. Technical traders will take note that at $1.65, shares of DELT are trading above their 200-day MA at $1.15 and above their 50-day MA at $1.54. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is DELT?
Delta Technology Holdings Ltd is a fine & specialty chemical company. It is engaged in producing & distributing organic compound including para-chlorotoluene, ortho-chlorotoluene, PCT/OCT downstream product, unsaturated polyester resin & other by-product. The company’s 260 employees are led by CEO Xin Chao from the corporate headquarters at 16 Kaifa Avenue in Danyang, .
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