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

StockNews.com started coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report published on Tuesday morning. The firm issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Performance

DXYN opened at $0.53 on Tuesday. The stock has a market capitalization of $8.42 million, a PE ratio of -2.22 and a beta of 2.68. The Dixie Group has a one year low of $0.45 and a one year high of $1.00. 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 business’s 50 day moving average price is $0.72 and its 200 day moving average price is $0.70.

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

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp boosted its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund 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 quarter. 40.00% of the stock is currently 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.