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 published on Tuesday. The firm issued a hold rating on the textile maker’s stock.

The Dixie Group Trading Down 18.5 %

Shares of The Dixie Group stock opened at $0.64 on Tuesday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.87 and a current ratio of 2.57. The company has a market capitalization of $10.17 million, a P/E ratio of -2.56 and a beta of 2.67. The Dixie Group has a 1 year low of $0.45 and a 1 year high of $1.00. The company’s fifty day moving average is $0.72 and its two-hundred day moving average is $0.70.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $70.51 million for the quarter. The Dixie Group had a negative return on equity of 1.92% and a negative net margin of 0.42%.

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp grew its position in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,992 shares of the textile maker’s stock after buying 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 filing with the SEC. 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.