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

Posted by ABMN Staff on Dec 4th, 2024

Research analysts at StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN – Get Free Report) in a report released on Wednesday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

Shares of DXYN stock opened at $0.69 on Wednesday. The firm has a market cap of $10.54 million, a price-to-earnings ratio of -3.42 and a beta of 2.61. The Dixie Group has a 12 month low of $0.45 and a 12 month high of $1.05. The company has a quick ratio of 0.81, a current ratio of 2.54 and a debt-to-equity ratio of 3.60. The stock has a 50-day moving average price of $0.75 and a 200 day moving average price of $0.75.

The Dixie Group (NASDAQ:DXYN – Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The textile maker reported ($0.26) EPS for the quarter. The business had revenue of $64.88 million for the quarter. The Dixie Group had a negative return on equity of 7.65% and a negative net margin of 0.99%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp boosted its stake in The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the quarter. Truist Financial Corp owned about 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.

The Dixie Group Company Profile

(Get Free Report)

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.