The Dixie Group (NASDAQ:DXYN) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report released on Friday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Down 4.6 %

Shares of NASDAQ:DXYN opened at $0.62 on Friday. The company’s 50-day moving average price is $0.72 and its two-hundred day moving average price is $0.73. The Dixie Group has a 12 month low of $0.45 and a 12 month high of $1.05. The company has a quick ratio of 0.81, a current ratio of 2.54 and a debt-to-equity ratio of 3.60. The firm has a market cap of $9.54 million, a P/E ratio of -3.10 and a beta of 2.61.

The Dixie Group (NASDAQ:DXYN) last released its 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 for the quarter. The Dixie Group had a negative return on equity of 7.65% and a negative net margin of 0.99%.

Hedge Funds Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp grew its position in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the period. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 at the end of the most recent reporting period. 40.00% of the stock is owned by 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.