The Dixie Group (NASDAQ:DXYN) Research Coverage Started at StockNews.com

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

The Dixie Group Price Performance

DXYN stock opened at $0.66 on Thursday. The Dixie Group has a 1 year low of $0.46 and a 1 year high of $1.36. The firm has a market capitalization of $10.41 million, a P/E ratio of -2.62 and a beta of 2.41. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.39 and a quick ratio of 0.82. The business’s 50-day moving average is $0.78 and its two-hundred day moving average is $0.67.

The Dixie Group (NASDAQ:DXYN) last issued its earnings results on Thursday, May 2nd. The textile maker reported ($0.16) earnings per share for the quarter. The Dixie Group had a negative net margin of 1.26% and a negative return on equity of 10.20%. The firm had revenue of $65.25 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. acquired a new stake in The Dixie Group, Inc. (NASDAQ:DXYN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 466,282 shares of the textile maker’s stock, valued at approximately $321,000. First Dallas Securities Inc. owned about 3.00% of The Dixie Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 40.00% of the company’s stock.

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.