StockNews.com Initiates Coverage on The Dixie Group (NASDAQ:DXYN)

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

The Dixie Group Stock Down 0.0 %

The Dixie Group stock opened at $0.70 on Wednesday. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.54 and a quick ratio of 0.81. The stock has a market capitalization of $10.68 million, a PE ratio of -3.50 and a beta of 2.64. The business has a 50 day simple moving average of $0.67 and a 200-day simple moving average of $0.71. The Dixie Group has a 12 month low of $0.45 and a 12 month high of $1.05.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp grew its position 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 (SEC). The institutional investor owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the quarter. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. 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.