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

StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research note released on Monday. The firm issued a hold rating on the textile maker’s stock.

The Dixie Group Price Performance

NASDAQ:DXYN opened at $0.67 on Monday. 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 business’s 50-day moving average price is $0.75 and its 200 day moving average price is $0.76. The Dixie Group has a 52-week low of $0.45 and a 52-week high of $1.05. The firm has a market cap of $10.32 million, a P/E ratio of -3.36 and a beta of 2.64.

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

Institutional Investors Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp increased its stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the quarter. Truist Financial Corp owned approximately 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.