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

StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report issued on Saturday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

Shares of NASDAQ:DXYN opened at $0.65 on Friday. The firm’s 50 day moving average price is $0.71 and its 200-day moving average price is $0.72. 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 stock has a market capitalization of $10.01 million, a PE ratio of -3.25 and a beta of 2.61. The Dixie Group has a twelve month low of $0.45 and a twelve month high of $1.05.

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 Dixie Group had a negative return on equity of 7.65% and a negative net margin of 0.99%. The business had revenue of $64.88 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 the company in its most recent filing with the SEC. The institutional investor 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.

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.