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

Investment analysts at StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research note issued on Sunday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

DXYN stock opened at $0.72 on Friday. The business has a 50 day moving average price of $0.68 and a 200 day moving average price of $0.71. 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 stock has a market cap of $10.99 million, a price-to-earnings ratio of -3.60 and a beta of 2.64. The Dixie Group has a fifty-two week low of $0.45 and a fifty-two week high of $1.05.

The Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings data on Monday, October 28th. The textile maker reported ($0.26) earnings per share 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 Investors Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp boosted its holdings in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing 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 period. 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 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.