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

Posted by Amy Steele on Nov 5th, 2024

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

The Dixie Group Stock Down 0.7 %

Shares of The Dixie Group stock opened at $0.71 on Friday. The Dixie Group has a one year low of $0.45 and a one year high of $1.05. The company has a market cap of $10.92 million, a P/E ratio of -3.55 and a beta of 2.64. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.87 and a current ratio of 2.54. The firm has a fifty day moving average of $0.77 and a two-hundred day moving average of $0.75.

The Dixie Group (NASDAQ:DXYN – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.04 earnings per share for the quarter. The company had revenue of $70.51 million for the quarter. The Dixie Group had a negative return on equity of 7.65% and a negative net margin of 0.99%.

Institutional Investors Weigh In On The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp increased its stake in The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,992 shares of the textile maker’s stock after purchasing 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.

The Dixie Group Company Profile

(Get Free Report)

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.