Delta Apparel (NASDAQ:DLA) Raised to Buy at Roth Capital

Roth Capital upgraded shares of Delta Apparel (NASDAQ:DLA) from a neutral rating to a buy rating in a research report report published on Thursday morning, Zacks.com reports.

Shares of DLA traded up $0.69 during midday trading on Thursday, reaching $20.81. 45,692 shares of the stock were exchanged, compared to its average volume of 27,845. Delta Apparel has a twelve month low of $16.11 and a twelve month high of $24.99. The firm has a 50 day moving average of $21.65.

Delta Apparel (NASDAQ:DLA) last posted its earnings results on Monday, May 6th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.10). The firm had revenue of $102.84 million during the quarter, compared to the consensus estimate of $106.16 million.

Delta Apparel Company Profile

Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets a portfolio of lifestyle active wear apparel and related accessory products in the United States and internationally. The company operates through two segments, Delta Group and Salt Life Group. It markets, distributes, manufactures, and sells unembellished knit apparel under the Soffe, Delta Platinum, Delta Pro Weight, and Delta Magnum Weight brands to various large licensed screen printers and small independent businesses.

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