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

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

The Dixie Group Stock Performance

Shares of NASDAQ:DXYN opened at $0.63 on Monday. The company’s 50 day simple moving average is $0.67 and its 200 day simple moving average is $0.71. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.54 and a quick ratio of 0.81. The Dixie Group has a 1 year low of $0.45 and a 1 year high of $1.05. The stock has a market capitalization of $9.54 million, a price-to-earnings ratio of -3.12 and a beta of 2.64.

The Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings results on Monday, October 28th. The textile maker reported ($0.26) earnings per share (EPS) for the quarter. The Dixie Group had a negative net margin of 0.99% and a negative return on equity of 7.65%. The business had revenue of $64.88 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 shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,992 shares of the textile maker’s stock after purchasing 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 reporting period. 40.00% of the stock is currently owned by institutional investors and hedge funds.

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.