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

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

The Dixie Group Price Performance

Shares of NASDAQ:DXYN opened at $0.68 on Tuesday. 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 Dixie Group has a 12 month low of $0.45 and a 12 month high of $1.05. The company has a 50-day moving average price of $0.75 and a 200 day moving average price of $0.76. The company has a market cap of $10.49 million, a price-to-earnings ratio of -3.41 and a beta of 2.64.

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

Institutional Trading of The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp raised its position in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the quarter. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. 40.00% of the stock is owned by hedge funds and other institutional investors.

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.