The Dixie Group (NASDAQ:DXYN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report released on Sunday morning. The firm issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Up 4.7 %

DXYN stock opened at $0.66 on Friday. The stock has a market capitalization of $10.15 million, a PE ratio of -3.30 and a beta of 2.64. The Dixie Group has a 52 week low of $0.45 and a 52 week high of $1.05. The company has a quick ratio of 0.81, a current ratio of 2.54 and a debt-to-equity ratio of 3.60. The firm has a 50 day moving average of $0.75 and a 200 day moving average of $0.75.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp increased 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 and Exchange Commission. The firm owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the quarter. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 at the end of the most recent reporting period. 40.00% of the stock is currently owned by institutional investors and hedge funds.

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.