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

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

The Dixie Group Stock Performance

NASDAQ:DXYN opened at $0.68 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 2.54 and a debt-to-equity ratio of 3.60. The Dixie Group has a twelve month low of $0.45 and a twelve month high of $1.05. The company has a fifty day moving average of $0.75 and a 200-day moving average of $0.76. The firm has a market capitalization of $10.47 million, a P/E ratio of -3.55 and a beta of 2.64.

The Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings results on Monday, October 28th. The textile maker reported ($0.26) earnings per share for the quarter. The Dixie Group had a negative net margin of 0.99% and a negative return on equity of 7.65%. The company had revenue of $64.88 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp lifted its position in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,992 shares of the textile maker’s stock after purchasing 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 reporting period. Institutional investors and hedge funds 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.