Delta Apparel (NYSE:DLA) Coverage Initiated at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Delta Apparel (NYSE:DLA) in a report issued on Monday. The firm set a “hold” rating on the stock.

Delta Apparel Stock Performance

The company has a quick ratio of 0.21, a current ratio of 1.01 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $1.46 and its 200 day simple moving average is $3.74. Delta Apparel has a 1 year low of $0.40 and a 1 year high of $11.02. The stock 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 issued its earnings results on Wednesday, May 8th. The company reported ($2.53) 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 during 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 stake in Delta Apparel, Inc. (NYSE:DLA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,063 shares of the company’s stock, valued at approximately $86,000. Certified Advisory Corp owned approximately 0.17% of Delta Apparel at the end of the most recent reporting period. 73.98% of the stock is currently owned by institutional investors and hedge funds.

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.