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

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

The Dixie Group Price Performance

Shares of DXYN stock opened at $0.72 on Friday. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.87 and a current ratio of 2.54. The Dixie Group has a fifty-two week low of $0.45 and a fifty-two week high of $1.05. The firm has a market capitalization of $11.00 million, a price-to-earnings ratio of -3.57 and a beta of 2.67. The stock’s 50-day simple moving average is $0.77 and its 200-day simple moving average is $0.74.

The Dixie Group (NASDAQ:DXYN) last issued its earnings results on Thursday, August 8th. The textile maker reported $0.04 earnings per share (EPS) for the quarter. The Dixie Group had a negative net margin of 0.99% and a negative return on equity of 7.65%. The firm had revenue of $70.51 million during the quarter.

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp increased its position in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,992 shares of the textile maker’s stock after buying 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 filing with the SEC. 40.00% of the stock is currently 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.