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

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

The Dixie Group Stock Performance

Shares of NASDAQ DXYN opened at $0.87 on Thursday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.87 and a current ratio of 2.57. The firm has a market cap of $13.79 million, a price-to-earnings ratio of -3.47 and a beta of 2.67. The business’s 50-day simple moving average is $0.78 and its 200-day simple moving average is $0.72. The Dixie Group has a 52 week low of $0.45 and a 52 week high of $1.00.

The Dixie Group (NASDAQ:DXYN) last released its earnings results on Thursday, August 8th. The textile maker reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $70.51 million for the quarter. The Dixie Group had a negative return on equity of 1.92% and a negative net margin of 0.42%.

Institutional Trading of The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp raised its holdings in 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 buying an additional 30,000 shares during the quarter. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 at the end of the most recent quarter. 40.00% of the stock is owned by institutional investors and hedge funds.

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.