Home / Basic Materials / Basic Materials Sector Feels Loss of 5.71% for Delta Technology Holdings Limited (DELT) in Early Trading on September 23

Basic Materials Sector Feels Loss of 5.71% for Delta Technology Holdings Limited (DELT) in Early Trading on September 23

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, .


For more information on DELT and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Shares of TSX Venture Miscellaneous Company Wilton Resources Inc. (CDX:WIL:CA) Fall 1.25% on September 26

In sliding 1.25%, Wilton Resources Inc. (CDX:WIL:CA) was one of the worst performing stocks in …