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

Equities researchers at StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report issued on Friday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

Shares of NASDAQ DXYN opened at $0.62 on Friday. The company has a fifty day moving average price of $0.72 and a 200 day moving average price of $0.73. The firm has a market cap of $9.54 million, a PE ratio of -3.10 and a beta of 2.61. 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 Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings results on Monday, October 28th. The textile maker reported ($0.26) earnings per share 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 Inflows and Outflows

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp lifted its stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the period. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. 40.00% of the stock is currently owned by hedge funds and other institutional investors.

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.