StockNews.com Begins Coverage on The Dixie Group (NASDAQ:DXYN)

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

The Dixie Group Price Performance

DXYN opened at $0.64 on Thursday. The Dixie Group has a 1 year low of $0.45 and a 1 year high of $1.05. The company’s 50 day simple moving average is $0.75 and its 200 day simple moving average is $0.74. 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 (NASDAQ:DXYN) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $64.88 million for the quarter. The Dixie Group had a negative net margin of 0.99% and a negative return on equity of 7.65%.

Institutional Trading of The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp boosted its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and 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 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.