StockNews.com Begins Coverage on The Dixie Group (NASDAQ:DXYN)

Research analysts at StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report issued on Saturday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Up 3.0 %

DXYN stock opened at $0.69 on Friday. The company has a debt-to-equity ratio of 3.03, a current ratio of 2.57 and a quick ratio of 0.87. The Dixie Group has a 1-year low of $0.46 and a 1-year high of $1.00. The firm has a fifty day moving average price of $0.70 and a two-hundred day moving average price of $0.68. The firm has a market cap of $10.96 million, a price-to-earnings ratio of -2.76 and a beta of 2.41.

The Dixie Group (NASDAQ:DXYN) last released its earnings results on Thursday, August 8th. The textile maker reported $0.04 earnings per share for the quarter. The firm had revenue of $70.51 million during the quarter. The Dixie Group had a negative net margin of 0.42% and a negative return on equity of 1.92%.

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp raised its position in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the quarter. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 at the end of the most recent quarter. 40.00% of the stock is owned by institutional investors and hedge funds.

The Dixie Group Company Profile

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.