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

StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Trading Down 4.7 %

NASDAQ DXYN opened at $0.69 on Wednesday. The company has a market capitalization of $10.47 million, a PE ratio of -3.43 and a beta of 2.64. The Dixie Group has a 1-year low of $0.45 and a 1-year high of $1.05. The company has a current ratio of 2.54, a quick ratio of 0.81 and a debt-to-equity ratio of 3.60. The firm’s fifty day simple moving average is $0.67 and its 200-day simple moving average is $0.71.

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp grew its holdings in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the period. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 as of its most recent SEC filing. Institutional investors and hedge funds own 40.00% of the company’s stock.

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.