The Dixie Group (NASDAQ:DXYN) Now Covered by StockNews.com

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

The Dixie Group Stock Performance

Shares of The Dixie Group stock opened at $0.74 on Wednesday. The business’s fifty day simple moving average is $0.67 and its 200 day simple moving average is $0.71. 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 Dixie Group has a 12 month low of $0.45 and a 12 month high of $1.05. The firm has a market capitalization of $11.28 million, a P/E ratio of -3.70 and a beta of 2.64.

The Dixie Group (NASDAQ:DXYNGet Free Report) last released its earnings results on Monday, October 28th. The textile maker reported ($0.26) EPS for the quarter. The business 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 lifted its stake in shares of The Dixie Group, Inc. (NASDAQ:DXYNFree Report) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the period. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 at the end of the most recent quarter. 40.00% of the stock is owned by institutional investors.

About The Dixie Group

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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.

Further Reading

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