The Dixie Group (NASDAQ:DXYN) Now Covered by StockNews.com

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

The Dixie Group Price Performance

Shares of DXYN stock opened at $0.64 on Thursday. The stock has a fifty day moving average price of $0.75 and a 200 day moving average price of $0.74. 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 Dixie Group has a 1 year low of $0.45 and a 1 year high of $1.05.

The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings data on Monday, October 28th. The textile maker reported ($0.26) EPS for the quarter. The business had revenue of $64.88 million during 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

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp grew its stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,992 shares of the textile maker’s stock after buying an additional 30,000 shares during the period. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 40.00% of the company’s stock.

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.