The Dixie Group (NASDAQ:DXYN) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report sent to investors on Friday. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Price Performance

DXYN opened at $0.76 on Friday. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.39 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $0.70 and its 200 day simple moving average is $0.68. The firm has a market cap of $12.08 million, a price-to-earnings ratio of -3.04 and a beta of 2.41. The Dixie Group has a 1 year low of $0.46 and a 1 year high of $1.00.

The Dixie Group (NASDAQ:DXYN) last issued its earnings results on Thursday, August 8th. The textile maker reported $0.04 EPS for the quarter. The Dixie Group had a negative net margin of 1.26% and a negative return on equity of 10.20%. The company had revenue of $70.51 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 grew its holdings in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. 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 approximately 0.57% of The Dixie Group worth $59,000 at the end of the most recent quarter. Institutional investors own 40.00% of the company’s stock.

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.