StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN – Free Report) in a report published on Thursday. The brokerage issued a hold rating on the textile maker’s stock.
The Dixie Group Stock Performance
The Dixie Group stock opened at $0.62 on Thursday. The company has a quick ratio of 0.81, a current ratio of 2.54 and a debt-to-equity ratio of 3.60. The stock has a market cap of $9.46 million, a PE ratio of -3.10 and a beta of 2.66. The Dixie Group has a 12-month low of $0.45 and a 12-month high of $1.05. The business’s 50-day moving average price is $0.67 and its two-hundred day moving average price is $0.71.
Hedge Funds 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 The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 89,992 shares of the textile maker’s stock after acquiring 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 SEC. 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.
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