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

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

The Dixie Group Stock Performance

The Dixie Group stock opened at $0.65 on Friday. The Dixie Group has a 1-year low of $0.45 and a 1-year high of $1.05. The company has a current ratio of 2.54, a quick ratio of 0.81 and a debt-to-equity ratio of 3.60. The firm has a market capitalization of $9.95 million, a PE ratio of -3.26 and a beta of 2.64. The firm’s 50 day simple moving average is $0.67 and its 200 day simple moving average is $0.71.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings results on Monday, October 28th. The textile maker reported ($0.26) earnings per share for the quarter. The firm had revenue of $64.88 million during the quarter. The Dixie Group had a negative return on equity of 7.65% and a negative net margin of 0.99%.

Institutional Trading of The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp boosted its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 40.00% of the stock is currently 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.