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

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

The Dixie Group Trading Down 12.2 %

Shares of DXYN opened at $0.51 on Friday. The stock has a market cap of $7.78 million, a PE ratio of -2.55 and a beta of 2.66. The Dixie Group has a 1 year low of $0.42 and a 1 year high of $1.05. The stock has a 50 day simple moving average of $0.66 and a 200-day simple moving average of $0.71. The company has a current ratio of 2.54, a quick ratio of 0.81 and a debt-to-equity ratio of 3.60.

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently raised its position 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 its most recent 13F filing with the SEC. The fund owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the period. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the SEC. 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.