The Dixie Group (NASDAQ:DXYN) Earns Hold Rating from Analysts at StockNews.com

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

The Dixie Group Price Performance

NASDAQ:DXYN opened at $0.72 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 current ratio of 2.54, a quick ratio of 0.87 and a debt-to-equity ratio of 3.60. The firm has a fifty day simple moving average of $0.77 and a 200 day simple moving average of $0.74. The stock has a market capitalization of $11.00 million, a PE ratio of -3.57 and a beta of 2.64.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.04 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 firm had revenue of $70.51 million during the quarter.

Hedge Funds Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp boosted its stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the second quarter, according to the company in its most recent Form 13F 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 about 0.57% of The Dixie Group worth $59,000 at the end of the most recent reporting period. 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.