StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN – Free Report) in a research note issued to investors on Friday. The firm issued a hold rating on the textile maker’s stock.
The Dixie Group Trading Up 5.1 %
Shares of NASDAQ:DXYN opened at $0.54 on Friday. The Dixie Group has a 12-month low of $0.42 and a 12-month high of $1.05. The company has a market capitalization of $8.18 million, a PE ratio of -2.68 and a beta of 2.66. The business has a 50 day moving average of $0.66 and a two-hundred day moving average of $0.71. The company has a current ratio of 2.54, a quick ratio of 0.81 and a debt-to-equity ratio of 3.60.
Institutional Inflows and Outflows
An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp raised its stake in The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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. 40.00% of the stock is owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than The Dixie Group
- What is Put Option Volume?
- NVIDIA’s Hidden AI Play: The Truth Behind Its WeRide Investment
- Learn Technical Analysis Skills to Master the Stock Market
- Up 50% in January, Twilio’s Pullback Is the Time to Buy
- What is a Dividend King?
- Watch These 3 Stocks—High Short Interest and Big Upside Potential
Receive News & Ratings for The Dixie Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Dixie Group and related companies with MarketBeat.com's FREE daily email newsletter.
