The Dixie Group (NASDAQ:DXYN) Research Coverage Started at StockNews.com

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

The Dixie Group Trading Down 2.3 %

Shares of DXYN stock opened at $0.67 on Friday. The Dixie Group has a fifty-two week low of $0.46 and a fifty-two week high of $1.00. The stock’s fifty day moving average price is $0.70 and its two-hundred day moving average price is $0.68. 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 company has a market cap of $10.37 million, a PE ratio of -2.70 and a beta of 2.68.

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

Hedge Funds Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp lifted 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 about 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. 40.00% of the stock is owned by hedge funds and other 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.