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

StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report sent to investors on Friday. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Trading Down 4.6 %

Shares of The Dixie Group stock opened at $0.62 on Friday. The Dixie Group has a 52-week low of $0.45 and a 52-week high of $1.05. The firm has a market capitalization of $9.54 million, a PE ratio of -3.10 and a beta of 2.61. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.54 and a quick ratio of 0.81. The company’s fifty day moving average price is $0.72 and its two-hundred day moving average price is $0.73.

The Dixie Group (NASDAQ:DXYN) last posted its earnings results on Monday, October 28th. The textile maker reported ($0.26) earnings per share for the quarter. The business 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 Inflows and Outflows

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp increased its position 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 & Exchange Commission. The institutional investor owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the quarter. Truist Financial Corp owned approximately 0.57% of The Dixie Group worth $59,000 at the end of the most recent quarter. 40.00% of the stock is currently owned by institutional investors and hedge funds.

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.