StockNews.com Downgrades Delta Apparel (NYSE:DLA) to Hold

StockNews.com cut shares of Delta Apparel (NYSE:DLAGet Rating) from a buy rating to a hold rating in a report issued on Wednesday morning.

DLA opened at $29.20 on Wednesday. The stock has a market capitalization of $202.91 million, a price-to-earnings ratio of 7.21 and a beta of 1.52. The stock’s fifty day moving average price is $29.76. Delta Apparel has a 52 week low of $24.10 and a 52 week high of $35.00. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.70 and a current ratio of 2.40.

About Delta Apparel (Get Rating)

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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