Delta Apparel (NYSE:DLA) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Delta Apparel (NYSE:DLA) in a research note published on Wednesday morning. The brokerage issued a hold rating on the stock.

Delta Apparel Stock Performance

The company has a 50 day moving average price of $1.26 and a two-hundred day moving average price of $3.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.21 and a current ratio of 1.01. Delta Apparel has a 12 month low of $0.40 and a 12 month high of $11.02. The company has a market cap of $3.16 million, a price-to-earnings ratio of -0.05 and a beta of 0.98.

Delta Apparel (NYSE:DLA) last released its earnings results on Wednesday, May 8th. The company reported ($2.53) earnings per share (EPS) for the quarter. Delta Apparel had a negative net margin of 18.92% and a negative return on equity of 20.00%. The company had revenue of $78.94 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Delta Apparel stock. Certified Advisory Corp bought a new stake in Delta Apparel, Inc. (NYSE:DLA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,063 shares of the company’s stock, valued at approximately $86,000. Certified Advisory Corp owned about 0.17% of Delta Apparel at the end of the most recent reporting period. Institutional investors and hedge funds own 73.98% of the company’s stock.

About Delta Apparel

Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets activewear and lifestyle apparel products in the United States, Honduras, El Salvador, Mexico, and internationally. The company operates through two segments, Delta Group and Salt Life Group. It offers on-demand digitally printed apparel products under the DTG2Go brand; silhouettes and fleece products; performance shirts that keep athletes dry under the Delta Dri line brand; ringspun garments; Delta Soft apparel products; and heritage, mid- and heavier-weight tee shirts under the Delta Pro Weight and Magnum Weight brand names, as well as polos, outerwear, headwear, bags, and other accessories under the Soffe brand.