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

Analysts at StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Performance

Shares of DXYN opened at $0.64 on Thursday. The company has a 50-day moving average of $0.75 and a two-hundred day moving average of $0.74. The stock has a market cap of $9.88 million, a price-to-earnings ratio of -3.21 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 has a one year low of $0.45 and a one year high of $1.05.

The Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings data on Monday, October 28th. The textile maker reported ($0.26) earnings per share for the quarter. The firm 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%.

Hedge Funds Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp boosted its holdings in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the quarter. 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.

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.