Truist Financial Corp Boosts Position in The Dixie Group, Inc. (NASDAQ:DXYN)

Truist Financial Corp raised its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the period. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

The Dixie Group Stock Down 0.5 %

NASDAQ:DXYN opened at $0.87 on Monday. 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, Inc. has a 1-year low of $0.45 and a 1-year high of $1.00. The company has a 50-day moving average of $0.78 and a 200 day moving average of $0.72. The firm has a market cap of $13.79 million, a PE ratio of -3.47 and a beta of 2.67.

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

Analyst Ratings Changes

Separately, StockNews.com began coverage on The Dixie Group in a report on Thursday. They issued a “hold” rating for the company.

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.