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

StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research note issued on Tuesday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

DXYN stock opened at $0.50 on Tuesday. The Dixie Group has a 52 week low of $0.42 and a 52 week high of $1.05. 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 company has a fifty day simple moving average of $0.60 and a two-hundred day simple moving average of $0.67. The firm has a market capitalization of $7.65 million, a P/E ratio of -2.50 and a beta of 2.62.

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.