Delta Technology Holdings Limited (DELT) was one of the best performers amongst all companies listed in the basic materials sector on the NYSE and NASDAQ exchanges during trading on April 21, climbing 7.34% to wrap the day at $1.9 after closing the day prior at $1.77. Throughout the trading session, shares of DELT rose as high as $2.29 and dipped as low as $1.79. Today’s advance came with about 4.14 million shares changing hands, compared to an average 30-day volume of 302,939 for Delta Technology Holdings Limited. The price is currently below the 30-day volume weighted average price of $2.05 for DELT.
The share appreciation today gives the company a market capitalization of $17.03 million based upon 9.62 million shares outstanding. It also means that DELT has a price-to-book ratio of 0.37:1.
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 $1.9, shares of DELT are trading above their 200-day MA at $1.34 and above their 50-day MA at $1.51. 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 above them is typically regarded as bullish.
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 220 employees are led by CEO Xin Chao from the corporate headquarters at 16 Kaifa Avenue in Danyang, .
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