The Dixie Group (NASDAQ:DXYN) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Down 0.4 %

Shares of NASDAQ DXYN opened at $0.65 on Friday. The company has a market cap of $10.00 million, a price-to-earnings ratio of -3.25 and a beta of 2.61. The company has a current ratio of 2.54, a quick ratio of 0.81 and a debt-to-equity ratio of 3.60. The Dixie Group has a 12 month low of $0.45 and a 12 month high of $1.05. The stock has a 50-day moving average price of $0.74 and a two-hundred day moving average price of $0.73.

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

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp grew 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 and Exchange Commission. The institutional investor 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 as of its most recent SEC filing. 40.00% of the stock is owned by hedge funds and other institutional investors.

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.