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

StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research note released on Saturday. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Down 7.7 %

DXYN stock opened at $0.60 on Friday. The company’s 50 day moving average price is $0.69 and its 200 day moving average price is $0.72. The firm has a market capitalization of $9.25 million, a price-to-earnings ratio of -3.00 and a beta of 2.61. The Dixie Group has a fifty-two week low of $0.45 and a fifty-two week high of $1.05. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.81 and a current ratio of 2.54.

The Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings data 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 net margin of 0.99% and a negative return on equity of 7.65%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp boosted its holdings in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 SEC filing. 40.00% of the stock is currently owned by institutional investors and hedge funds.

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.