The Dixie Group (NASDAQ:DXYN) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report issued on Friday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

Shares of DXYN stock opened at $0.71 on Friday. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.39 and a quick ratio of 0.82. The company has a market capitalization of $11.20 million, a P/E ratio of -2.82 and a beta of 2.41. The company’s 50-day simple moving average is $0.70 and its two-hundred day simple moving average is $0.68. The Dixie Group has a one year low of $0.46 and a one year high of $1.00.

Hedge Funds Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp increased its holdings in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the period. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. 40.00% of the stock is owned by institutional investors.

About The Dixie Group

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. The company offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.