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

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

The Dixie Group Trading Up 0.1 %

Shares of The Dixie Group stock opened at $0.67 on Monday. The company has a market capitalization of $10.18 million, a P/E ratio of -3.34 and a beta of 2.64. 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 has a 1 year low of $0.45 and a 1 year high of $1.05. The business has a 50 day moving average price of $0.66 and a 200 day moving average price of $0.71.

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

Institutional Investors Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp raised its position in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 about 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 40.00% of the company’s stock.

About The Dixie Group

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.