StockNews.com Initiates 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 issued on Sunday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

Shares of DXYN stock opened at $0.70 on Friday. The firm’s 50 day moving average price is $0.71 and its two-hundred day moving average price is $0.69. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.87 and a current ratio of 2.57. The stock has a market cap of $11.09 million, a PE ratio of -2.98 and a beta of 2.68. The Dixie Group has a 52-week low of $0.46 and a 52-week high of $1.00.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp grew its stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the quarter. 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 currently owned by hedge funds and other institutional investors.

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.