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

StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report issued on Tuesday morning. The firm issued a hold rating on the textile maker’s stock.

The Dixie Group Trading Up 2.4 %

NASDAQ DXYN opened at $0.71 on Tuesday. The stock’s 50-day simple moving average is $0.75 and its two-hundred day simple moving average is $0.76. The Dixie Group has a twelve month low of $0.45 and a twelve month high of $1.05. 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 company has a market capitalization of $10.92 million, a price-to-earnings ratio of -3.47 and a beta of 2.64.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp lifted its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 approximately 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. Institutional investors and hedge funds own 40.00% of the company’s stock.

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.