StockNews.com Begins Coverage on Delta Apparel (NYSE:DLA)

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

Delta Apparel Price Performance

Delta Apparel has a 12-month low of $0.40 and a 12-month high of $11.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.21 and a current ratio of 1.01. The business’s fifty day moving average price is $1.46 and its two-hundred day moving average price is $3.74. The firm has a market capitalization of $3.16 million, a PE ratio of -0.05 and a beta of 0.98.

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

Institutional Investors Weigh In On Delta Apparel

A hedge fund recently bought a new stake in Delta Apparel stock. Certified Advisory Corp purchased a new position in Delta Apparel, Inc. (NYSE:DLA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,063 shares of the company’s stock, valued at approximately $86,000. Certified Advisory Corp owned 0.17% of Delta Apparel at the end of the most recent quarter. Hedge funds and other institutional investors 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.