The Dixie Group (NASDAQ:DXYN) Coverage Initiated at StockNews.com

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

The Dixie Group Stock Performance

DXYN stock opened at $0.72 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.54 and a debt-to-equity ratio of 3.60. The firm has a market cap of $11.00 million, a PE ratio of -3.57 and a beta of 2.67. The Dixie Group has a 12-month low of $0.45 and a 12-month high of $1.05. The business has a 50 day moving average of $0.77 and a 200-day moving average of $0.74.

The Dixie Group (NASDAQ:DXYN) last announced its quarterly 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 company had revenue of $70.51 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp lifted its holdings in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,992 shares of the textile maker’s stock after buying 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 quarter. 40.00% of the stock is currently owned by institutional investors and hedge funds.

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.