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 Wednesday morning. The firm issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Performance

DXYN opened at $0.53 on Wednesday. The company has a debt-to-equity ratio of 2.67, a current ratio of 2.84 and a quick ratio of 0.91. The firm has a fifty day moving average price of $0.55 and a 200 day moving average price of $0.63. The Dixie Group has a 1 year low of $0.46 and a 1 year high of $1.36. The stock has a market cap of $8.29 million, a P/E ratio of -2.67 and a beta of 2.30.

The Dixie Group (NASDAQ:DXYN) last posted its earnings results on Friday, March 8th. The textile maker reported $0.22 earnings per share (EPS) for the quarter. The Dixie Group had a negative net margin of 0.98% and a negative return on equity of 3.19%. The firm had revenue of $66.67 million during the quarter.

Hedge Funds Weigh In On The Dixie Group

A hedge fund recently bought a new stake in The Dixie Group stock. First Dallas Securities Inc. purchased a new position in The Dixie Group, Inc. (NASDAQ:DXYN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 466,282 shares of the textile maker’s stock, valued at approximately $321,000. First Dallas Securities Inc. owned approximately 3.00% of The Dixie Group as of its most recent filing with the Securities and Exchange Commission. 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.