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

Posted by Teresa Graham on Nov 14th, 2024

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

The Dixie Group Price Performance

Shares of DXYN stock opened at $0.66 on Friday. The stock’s fifty day simple moving average is $0.75 and its 200 day simple moving average is $0.75. The Dixie Group has a one year low of $0.45 and a one year high of $1.05. The firm has a market cap of $10.19 million, a price-to-earnings ratio of -3.31 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 (NASDAQ:DXYN – Get Free Report) last issued its earnings results on Monday, October 28th. The textile maker reported ($0.26) EPS for the quarter. The Dixie Group had a negative net margin of 0.99% and a negative return on equity of 7.65%. The firm had revenue of $64.88 million during the quarter.

Institutional Trading of The Dixie Group

A hedge fund recently raised its stake in The Dixie Group stock. Truist Financial Corp lifted its holdings in The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the quarter. Truist Financial Corp owned approximately 0.57% of The Dixie Group worth $59,000 at the end of the most recent reporting period. Institutional investors own 40.00% of the company’s stock.

About The Dixie Group

(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.