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

Investment analysts at StockNews.com started coverage on shares of Delta Apparel (NYSE:DLA) in a report released on Sunday. The brokerage set a “hold” rating on the stock.

Delta Apparel Stock Performance

Shares of DLA opened at $0.58 on Friday. The company’s fifty day moving average price is $1.51 and its 200 day moving average price is $3.81. Delta Apparel has a one year low of $0.40 and a one year high of $11.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 0.21. The company has a market capitalization of $4.09 million, a PE ratio of -0.06 and a beta of 1.06.

Delta Apparel (NYSE:DLA) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($2.53) earnings per share (EPS) for the quarter. Delta Apparel had a negative return on equity of 20.00% and a negative net margin of 18.92%. 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 shares of Delta Apparel, Inc. (NYSE:DLA) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 12,063 shares of the company’s stock, valued at approximately $86,000. Certified Advisory Corp owned approximately 0.17% of Delta Apparel as of its most recent filing with the SEC. 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.