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

Investment analysts at StockNews.com assumed 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 Price Performance

DXYN opened at $0.80 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 0.82 and a debt-to-equity ratio of 2.99. The company has a market cap of $12.71 million, a price-to-earnings ratio of -3.20 and a beta of 2.41. The stock has a fifty day simple moving average of $0.75 and a two-hundred day simple moving average of $0.68. The Dixie Group has a 12-month low of $0.46 and a 12-month high of $1.36.

The Dixie Group (NASDAQ:DXYN) last released its earnings results on Thursday, May 2nd. The textile maker reported ($0.16) earnings per share for the quarter. The Dixie Group had a negative return on equity of 10.20% and a negative net margin of 1.26%. The business had revenue of $65.25 million during the quarter.

Institutional Trading of The Dixie Group

An institutional investor recently bought a new position in The Dixie Group stock. First Dallas Securities Inc. acquired a new stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 466,282 shares of the textile maker’s stock, valued at approximately $321,000. First Dallas Securities Inc. owned about 3.00% of The Dixie Group at the end of the most recent quarter. Institutional investors own 40.00% of the company’s stock.

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.