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

Equities research analysts at StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

NASDAQ DXYN opened at $0.69 on Tuesday. The company has a 50-day moving average price of $0.75 and a two-hundred day moving average price of $0.76. The stock has a market cap of $10.66 million, a price-to-earnings ratio of -3.47 and a beta of 2.64. The company has a current ratio of 2.54, a quick ratio of 0.81 and a debt-to-equity ratio of 3.60. The Dixie Group has a 52 week low of $0.45 and a 52 week high of $1.05.

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

Institutional Trading of The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp lifted its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after acquiring 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 Securities and Exchange Commission. Institutional investors and hedge funds own 40.00% of the company’s stock.

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.