The Dixie Group (NASDAQ:DXYN) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

Shares of NASDAQ:DXYN opened at $0.90 on Thursday. The firm has a market capitalization of $14.30 million, a PE ratio of -3.60 and a beta of 2.67. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 3.03. The Dixie Group has a 1-year low of $0.45 and a 1-year high of $1.00. The business’s 50 day moving average is $0.76 and its 200-day moving average is $0.72.

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

Institutional Trading of The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp grew its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the period. Truist Financial Corp owned approximately 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the Securities and Exchange Commission. 40.00% of the stock is owned by institutional investors.

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.