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

Stock analysts at StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

Shares of The Dixie Group stock opened at $0.70 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 3.03. The Dixie Group has a twelve month low of $0.46 and a twelve month high of $1.00. The firm has a market cap of $11.09 million, a PE ratio of -2.98 and a beta of 2.68. The business has a 50-day moving average price of $0.71 and a 200 day moving average price of $0.69.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings results on Thursday, August 8th. The textile maker reported $0.04 EPS for the quarter. The Dixie Group had a negative net margin of 0.42% and a negative return on equity of 1.92%. The firm had revenue of $70.51 million for the quarter.

Institutional Trading of The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp grew its holdings in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the second quarter, according to the company in its most recent 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 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 owned by hedge funds and other institutional investors.

The Dixie Group Company Profile

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.