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

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

The Dixie Group Stock Performance

NASDAQ:DXYN opened at $0.74 on Wednesday. The business’s fifty day moving average is $0.67 and its 200 day moving average is $0.71. The firm has a market cap of $11.28 million, a price-to-earnings ratio of -3.70 and a beta of 2.64. 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 has a 52-week low of $0.45 and a 52-week high of $1.05.

The Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings results on Monday, October 28th. The textile maker reported ($0.26) earnings per share for the quarter. The Dixie Group had a negative net margin of 0.99% and a negative return on equity of 7.65%. The company had revenue of $64.88 million for the quarter.

Institutional Trading of The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp lifted its position in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter. 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.