The Dixie Group (NASDAQ:DXYN) Earns Hold Rating from Analysts at StockNews.com

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

The Dixie Group Stock Performance

DXYN stock opened at $0.53 on Tuesday. The Dixie Group has a 12-month low of $0.45 and a 12-month high of $1.00. The business’s 50-day moving average is $0.72 and its 200 day moving average is $0.70. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 3.03. The stock has a market cap of $8.42 million, a price-to-earnings ratio of -2.22 and a beta of 2.68.

The Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings results 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 firm had revenue of $70.51 million during the quarter.

Hedge Funds Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp lifted its stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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. 40.00% of the stock is 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.