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 issued on Monday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Performance

Shares of NASDAQ:DXYN opened at $0.67 on Monday. The company has a current ratio of 2.54, a quick ratio of 0.81 and a debt-to-equity ratio of 3.60. The Dixie Group has a 1-year low of $0.45 and a 1-year high of $1.05. The stock has a market capitalization of $10.32 million, a P/E ratio of -3.35 and a beta of 2.64. The business has a 50-day moving average price of $0.75 and a two-hundred day moving average price of $0.76.

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

Institutional Trading of The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp increased 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 & 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 approximately 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 40.00% of the company’s stock.

About The Dixie Group

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.