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

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

The Dixie Group Price Performance

Shares of DXYN stock opened at $0.87 on Thursday. The firm’s fifty day moving average price is $0.78 and its two-hundred day moving average price is $0.72. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 3.03. The Dixie Group has a 1 year low of $0.45 and a 1 year high of $1.00. The firm has a market capitalization of $13.79 million, a P/E ratio of -3.47 and a beta of 2.67.

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

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 holdings in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to its most recent disclosure 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 about 0.57% of The Dixie Group worth $59,000 at the end of the most recent quarter. 40.00% of the stock is currently owned by institutional investors and hedge funds.

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.