The Dixie Group (NASDAQ:DXYN) Coverage Initiated at StockNews.com

by · The Markets Daily

StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN – Free Report) in a research note published on Wednesday morning. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Price Performance

DXYN stock opened at $0.93 on Wednesday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.87 and a current ratio of 2.57. The stock’s 50 day moving average price is $0.75 and its 200 day moving average price is $0.71. The firm has a market cap of $14.78 million, a P/E ratio of -3.72 and a beta of 2.67. The Dixie Group has a 1 year low of $0.45 and a 1 year high of $1.00.

The Dixie Group (NASDAQ:DXYN – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.04 EPS for the quarter. The Dixie Group had a negative return on equity of 1.92% and a negative net margin of 0.42%. The business had revenue of $70.51 million for the quarter.

Institutional Trading of The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp increased its holdings in The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing. Institutional investors own 40.00% of the company’s stock.

The Dixie Group Company Profile

(Get Free Report)

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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