TASE:DELGLuxury
Delta Galil Industries (TASE:DELG) Stock Faces Margin Squeeze Despite Profit Rebound
Delta Galil Industries stock closed at ₪168.5 on 5 August, after a choppy few weeks in which the share price slipped over the past month and quarter. The headline from Q2 is not the top line; it is profitability. Net income from continuing operations for the trailing twelve months sits at $78.9m with a net margin of 3.2%, down from 4.2% a year earlier, while the stock still trades on a P/E of 20.8x.
For short term traders that profit squeeze is what matters. For long term holders the key...