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

Equities researchers at StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report released on Sunday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

DXYN opened at $0.65 on Friday. The business has a fifty day moving average of $0.67 and a 200 day moving average of $0.71. The Dixie Group has a 52-week low of $0.45 and a 52-week high of $1.05. The company has a quick ratio of 0.81, a current ratio of 2.54 and a debt-to-equity ratio of 3.60. The stock has a market cap of $9.96 million, a P/E ratio of -3.26 and a beta of 2.64.

The Dixie Group (NASDAQ:DXYN) last issued its earnings results on Monday, October 28th. The textile maker reported ($0.26) EPS for the quarter. The Dixie Group had a negative return on equity of 7.65% and a negative net margin of 0.99%. The company had revenue of $64.88 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp grew its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the period. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 at the end of the most recent quarter. Institutional investors 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.