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

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

The Dixie Group Stock Performance

DXYN opened at $0.75 on Friday. The firm has a market cap of $11.47 million, a P/E ratio of -2.98 and a beta of 2.68. The Dixie Group has a 1-year low of $0.46 and a 1-year high of $1.00. The company has a 50 day simple moving average of $0.71 and a two-hundred day simple moving average of $0.69. The company has a debt-to-equity ratio of 3.03, a current ratio of 2.57 and a quick ratio of 0.87.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.04 EPS for the quarter. The Dixie Group had a negative net margin of 0.42% and a negative return on equity of 1.92%. The business had revenue of $70.51 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp increased its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the period. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the Securities & Exchange Commission. 40.00% of the stock is currently owned by hedge funds and other 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.