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

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

The Dixie Group Price Performance

DXYN stock opened at $0.68 on Tuesday. The Dixie Group has a 1 year low of $0.45 and a 1 year high of $1.05. The firm has a market capitalization of $10.47 million, a P/E ratio of -3.40 and a beta of 2.64. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.54 and a quick ratio of 0.81. The business’s 50-day moving average is $0.75 and its two-hundred day moving average is $0.76.

The Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported ($0.26) EPS 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

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp raised its stake in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 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.

The Dixie Group Company Profile

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.