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

Equities researchers at StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

Shares of DXYN opened at $0.72 on Friday. The company has a market cap of $10.99 million, a P/E ratio of -3.60 and a beta of 2.64. The Dixie Group has a fifty-two week low of $0.45 and a fifty-two week 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 firm’s 50 day moving average price is $0.68 and its 200 day moving average price is $0.71.

The Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported ($0.26) 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 $64.88 million during the quarter.

Institutional Trading of The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp raised its position in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the period. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the Securities and Exchange Commission. 40.00% of the stock is currently owned by institutional investors.

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.