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 report released on Friday. The firm issued a hold rating on the textile maker’s stock.

The Dixie Group Trading Down 4.6 %

Shares of NASDAQ:DXYN opened at $0.62 on Friday. The firm has a market capitalization of $9.54 million, a P/E ratio of -3.10 and a beta of 2.61. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.54 and a quick ratio of 0.81. The business’s 50-day moving average is $0.72 and its 200 day moving average is $0.73. The Dixie Group has a 1 year low of $0.45 and a 1 year high of $1.05.

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

Institutional Trading of The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp lifted its position in shares of 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 & Exchange Commission. The institutional investor owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the quarter. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. 40.00% of the stock is currently owned by institutional investors.

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.