The Dixie Group (NASDAQ:DXYN) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report issued on Monday morning. The firm issued a hold rating on the textile maker’s stock.

The Dixie Group Trading Down 1.3 %

Shares of The Dixie Group stock opened at $0.75 on Monday. The company has a market cap of $11.92 million, a price-to-earnings ratio of -3.00 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’s fifty day simple moving average is $0.72 and its 200-day simple moving average is $0.70. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 3.03.

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

Institutional Trading of The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp increased its holdings in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to its most recent disclosure 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 approximately 0.57% of The Dixie Group worth $59,000 at the end of the most recent quarter. 40.00% of the stock is currently owned by hedge funds and other institutional investors.

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.