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

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

The Dixie Group Trading Up 2.6 %

Shares of DXYN stock opened at $0.90 on Friday. The firm has a 50 day moving average price of $0.78 and a two-hundred day moving average price of $0.74. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 3.03. The company has a market capitalization of $14.35 million, a PE ratio of -3.61 and a beta of 2.67. The Dixie Group has a 12-month low of $0.45 and a 12-month high of $1.00.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp lifted its holdings in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,992 shares of the textile maker’s stock after purchasing 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. Institutional investors and hedge funds 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.