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

StockNews.com started coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report sent to investors on Sunday. The firm issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Down 0.0 %

Shares of NASDAQ:DXYN opened at $0.65 on Friday. The stock has a market capitalization of $9.95 million, a P/E ratio of -3.26 and a beta of 2.64. The stock’s 50-day moving average price is $0.67 and its 200-day moving average price 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 Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings results on Monday, October 28th. The textile maker reported ($0.26) earnings per share (EPS) for the quarter. The Dixie Group had a negative return on equity of 7.65% and a negative net margin of 0.99%. The company had revenue of $64.88 million for the quarter.

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp grew its position in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the period. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 40.00% of the company’s stock.

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.