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

StockNews.com started coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report issued on Saturday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Performance

Shares of The Dixie Group stock opened at $0.65 on Friday. The Dixie Group has a 1 year low of $0.45 and a 1 year high of $1.05. The firm’s 50-day moving average is $0.70 and its 200 day moving average is $0.72. The stock has a market cap of $10.01 million, a price-to-earnings ratio of -3.25 and a beta of 2.61. 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 Dixie Group (NASDAQ:DXYN) last issued its 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 firm had revenue of $64.88 million during 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 holdings in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the period. Truist Financial Corp owned approximately 0.57% of The Dixie Group worth $59,000 at the end of the most recent reporting period. 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.