Renaissance Technologies LLC Sells 38,000 Shares of The Dixie Group, Inc. (NASDAQ:DXYN)

Renaissance Technologies LLC reduced its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 24.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,800 shares of the textile maker’s stock after selling 38,000 shares during the period. Renaissance Technologies LLC’s holdings in The Dixie Group were worth $77,000 as of its most recent SEC filing.

The Dixie Group Trading Down 9.7 %

The Dixie Group stock opened at $0.84 on Tuesday. 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 Dixie Group, Inc. has a one year low of $0.45 and a one year high of $1.00. The stock has a market capitalization of $13.35 million, a PE ratio of -3.36 and a beta of 2.67. The business’s fifty day moving average is $0.75 and its 200 day moving average is $0.71.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on The Dixie Group in a research note on Wednesday, October 9th. They issued a “hold” rating on the stock.

The Dixie Group 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.