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

StockNews.com assumed 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 Stock Performance

Shares of DXYN stock opened at $0.68 on Tuesday. The Dixie Group has a 52-week low of $0.45 and a 52-week high of $1.05. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.81 and a current ratio of 2.54. The firm has a market capitalization of $10.49 million, a PE ratio of -3.41 and a beta of 2.64. The stock has a fifty day simple moving average of $0.75 and a two-hundred day simple moving average of $0.76.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp raised its stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the period. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the Securities & Exchange Commission. 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.