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

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

The Dixie Group Stock Performance

Shares of DXYN opened at $0.90 on Thursday. The company has a 50-day moving average of $0.76 and a two-hundred day moving average of $0.72. The Dixie Group has a one year low of $0.45 and a one year high of $1.00. The company has a debt-to-equity ratio of 3.03, a current ratio of 2.57 and a quick ratio of 0.87. The stock has a market cap of $14.30 million, a price-to-earnings ratio of -3.60 and a beta of 2.67.

The Dixie Group (NASDAQ:DXYN) last issued its earnings results on Thursday, August 8th. The textile maker reported $0.04 earnings per share (EPS) for the quarter. The Dixie Group had a negative net margin of 0.42% and a negative return on equity of 1.92%. The company had revenue of $70.51 million during the quarter.

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp boosted its holdings in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the period. Truist Financial Corp owned approximately 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. Institutional investors own 40.00% of the company’s stock.

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.