StockNews.com Initiates Coverage on The Dixie Group (NASDAQ:DXYN)

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

The Dixie Group Trading Down 6.6 %

The Dixie Group stock opened at $0.66 on Thursday. The firm’s fifty day moving average price is $0.78 and its 200-day moving average price is $0.67. The stock has a market cap of $10.41 million, a P/E ratio of -2.62 and a beta of 2.41. The company has a debt-to-equity ratio of 2.99, a quick ratio of 0.82 and a current ratio of 2.39. The Dixie Group has a fifty-two week low of $0.46 and a fifty-two week high of $1.36.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings data on Thursday, May 2nd. The textile maker reported ($0.16) EPS for the quarter. The Dixie Group had a negative return on equity of 10.20% and a negative net margin of 1.26%. The company had revenue of $65.25 million during the quarter.

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently bought a new position in The Dixie Group stock. First Dallas Securities Inc. acquired a new stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 466,282 shares of the textile maker’s stock, valued at approximately $321,000. First Dallas Securities Inc. owned approximately 3.00% of The Dixie Group as of its most recent filing with the SEC. 40.00% of the stock is currently owned by hedge funds and other 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.