Delta Apparel (NYSEAMERICAN:DLA) Share Price Passes Above 200-Day Moving Average of $19.05

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Shares of Delta Apparel, Inc. (NYSEAMERICAN:DLA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.05 and traded as high as $20.80. Delta Apparel shares last traded at $20.60, with a volume of 8,562 shares.

Separately, Zacks Investment Research cut shares of Delta Apparel from a “strong-buy” rating to a “sell” rating in a report on Wednesday, December 16th.

The business’s fifty day moving average is $21.19 and its 200-day moving average is $19.05.

Delta Apparel (NYSEAMERICAN:DLA) last issued its quarterly earnings data on Thursday, November 19th. The textile maker reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. The business had revenue of $116.68 million during the quarter, compared to the consensus estimate of $116.60 million.

A number of large investors have recently added to or reduced their stakes in DLA. Marshall Wace North America L.P. acquired a new stake in Delta Apparel during the 1st quarter valued at approximately $65,000. James Investment Research Inc. acquired a new stake in shares of Delta Apparel during the 3rd quarter worth approximately $66,000. Hodges Capital Management Inc. grew its position in shares of Delta Apparel by 63.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 21,240 shares of the textile maker’s stock worth $303,000 after buying an additional 8,240 shares during the period. Jane Street Group LLC acquired a new stake in shares of Delta Apparel during the 2nd quarter worth approximately $324,000. Finally, Diametric Capital LP acquired a new stake in shares of Delta Apparel during the 3rd quarter worth approximately $326,000.

About Delta Apparel (NYSEAMERICAN:DLA)

Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets activewear and lifestyle apparel products in the United States 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 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.

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