The Dixie Group (NASDAQ:DXYN) Coverage Initiated by Analysts at StockNews.com

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

The Dixie Group Price Performance

NASDAQ DXYN opened at $0.62 on Friday. The Dixie Group has a 1 year low of $0.45 and a 1 year high of $1.05. The company has a fifty day simple moving average of $0.72 and a 200 day simple moving average of $0.73. The company has a current ratio of 2.54, a quick ratio of 0.81 and a debt-to-equity ratio of 3.60. The company has a market cap of $9.54 million, a P/E ratio of -3.10 and a beta of 2.61.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings results on Monday, October 28th. The textile maker reported ($0.26) earnings per share (EPS) for the quarter. The firm 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%.

Hedge Funds Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp grew its stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the second quarter, according to its most recent disclosure with the SEC. 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 approximately 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the SEC. 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.