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

StockNews.com started coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report released on Saturday. The firm issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Down 7.7 %

The Dixie Group stock opened at $0.60 on Friday. The stock has a 50-day simple moving average of $0.69 and a 200-day simple moving average of $0.72. The company has a market capitalization of $9.25 million, a P/E ratio of -3.00 and a beta of 2.61. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.81 and a current ratio of 2.54. The Dixie Group has a fifty-two week low of $0.45 and a fifty-two week high of $1.05.

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

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp boosted its stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the quarter. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the Securities and Exchange Commission. 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.