StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN – Free Report) in a report published on Wednesday. The brokerage issued a hold rating on the textile maker’s stock.
The Dixie Group Stock Performance
Shares of DXYN opened at $0.69 on Wednesday. The company has a 50-day moving average of $0.67 and a two-hundred day moving average of $0.71. The stock has a market cap of $10.47 million, a price-to-earnings ratio of -3.43 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 Dixie Group has a one year low of $0.45 and a one year high of $1.05.
Institutional Trading of The Dixie Group
An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp increased its holdings in The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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. 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.
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