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

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

The Dixie Group Price Performance

The Dixie Group stock opened at $0.69 on Friday. 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 company has a market capitalization of $10.61 million, a PE ratio of -3.45 and a beta of 2.64. The Dixie Group has a one year low of $0.45 and a one year high of $1.05. The business has a 50 day simple moving average of $0.76 and a 200 day simple moving average of $0.75.

The Dixie Group (NASDAQ:DXYN) last released its earnings results on Thursday, August 8th. The textile maker reported $0.04 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 company had revenue of $70.51 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 increased its position in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after acquiring 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 reporting period. Institutional investors and hedge funds 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.