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

The Dixie Group Stock Performance

NASDAQ DXYN opened at $0.93 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 3.03. The business’s 50 day moving average is $0.75 and its two-hundred day moving average is $0.71. The stock has a market capitalization of $14.78 million, a price-to-earnings ratio of -3.72 and a beta of 2.67. The Dixie Group has a 12-month low of $0.45 and a 12-month high of $1.00.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp increased its position in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,992 shares of the textile maker’s stock after acquiring 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 SEC filing. Hedge funds and other 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.