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

Stock analysts at StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report released on Wednesday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Performance

Shares of The Dixie Group stock opened at $0.98 on Wednesday. The stock has a market cap of $15.54 million, a price-to-earnings ratio of -3.91 and a beta of 2.67. 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 $0.45 and a twelve month high of $1.00. The company’s fifty day moving average is $0.74 and its 200 day moving average is $0.71.

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

Institutional Investors Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp raised its position in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing. 40.00% of the stock is currently owned by 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.