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

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

The Dixie Group Stock Performance

The Dixie Group stock opened at $0.70 on Tuesday. The firm has a market capitalization of $10.69 million, a PE ratio of -3.50 and a beta of 2.64. The Dixie Group has a one year low of $0.45 and a one year high of $1.05. The stock’s 50 day moving average price is $0.67 and its 200 day moving average price is $0.71. 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 (NASDAQ:DXYN) last posted its earnings results on Monday, October 28th. The textile maker reported ($0.26) EPS for the quarter. The firm 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

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp grew its holdings in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the quarter. 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.

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.