The Dixie Group, Inc. (NASDAQ:DXYN – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.74 and traded as high as $0.74. The Dixie Group shares last traded at $0.72, with a volume of 17,955 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on shares of The Dixie Group in a report on Saturday. They set a “hold” rating for the company.
Get Our Latest Stock Report on DXYN
The Dixie Group Stock Down 5.9 %
The Dixie Group (NASDAQ:DXYN – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $70.51 million during the quarter. The Dixie Group had a negative net margin of 0.99% and a negative return on equity of 7.65%.
Institutional Trading of The Dixie Group
A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp increased its holdings in The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the quarter. Truist Financial Corp owned approximately 0.57% of The Dixie Group worth $59,000 at the end of the most recent reporting period. Institutional investors own 40.00% of the company’s stock.
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.
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