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

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

The Dixie Group Stock Down 6.0 %

Shares of NASDAQ DXYN opened at $0.66 on Monday. The stock has a 50 day moving average price of $0.67 and a 200 day moving average price of $0.71. The firm has a market capitalization of $10.00 million, a price-to-earnings ratio of -3.28 and a beta of 2.64. The Dixie Group has a 52-week low of $0.45 and a 52-week high of $1.05. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.81 and a current ratio of 2.54.

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

Hedge Funds Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp lifted its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the period. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 at the end of the most recent quarter. 40.00% of the stock is 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.