Delta Apparel, Inc. (NYSEAMERICAN:DLA – Get Rating)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $17.40. Delta Apparel shares last traded at $16.79, with a volume of 32,274 shares trading hands.
Wall Street Analyst Weigh In
Separately, TheStreet lowered Delta Apparel from a “b-” rating to a “c+” rating in a research note on Monday, August 22nd.
Delta Apparel Stock Down 3.7 %
The firm has a market capitalization of $116.10 million, a price-to-earnings ratio of 5.89 and a beta of 1.61. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.30 and a quick ratio of 0.77.
Institutional Investors Weigh In On Delta Apparel
Several institutional investors have recently bought and sold shares of DLA. Western Standard LLC lifted its holdings in Delta Apparel by 10.9% in the second quarter. Western Standard LLC now owns 344,801 shares of the textile maker’s stock valued at $9,782,000 after acquiring an additional 33,800 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Delta Apparel by 54.3% in the second quarter. O Shaughnessy Asset Management LLC now owns 19,464 shares of the textile maker’s stock valued at $552,000 after purchasing an additional 6,851 shares during the period. Wilen Investment Management CORP. raised its position in Delta Apparel by 3.0% in the second quarter. Wilen Investment Management CORP. now owns 390,746 shares of the textile maker’s stock valued at $10,843,000 after purchasing an additional 11,197 shares during the period. Hodges Capital Management Inc. raised its position in Delta Apparel by 2.9% in the second quarter. Hodges Capital Management Inc. now owns 23,985 shares of the textile maker’s stock valued at $681,000 after purchasing an additional 675 shares during the period. Finally, Bailard Inc. purchased a new stake in Delta Apparel in the second quarter valued at approximately $220,000. 56.96% 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 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.
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