The Dixie Group (NASDAQ:DXYN) Share Price Crosses Above 200-Day Moving Average of $0.68

The Dixie Group, Inc. (NASDAQ:DXYN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.68 and traded as high as $0.73. The Dixie Group shares last traded at $0.69, with a volume of 6,776 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on The Dixie Group in a research report on Saturday. They set a “hold” rating for the company.

The Dixie Group Stock Up 3.0 %

The company has a market cap of $10.96 million, a P/E ratio of -2.76 and a beta of 2.68. 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 business’s fifty day moving average is $0.70 and its two-hundred day moving average is $0.68.

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

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 position in shares of The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter. Institutional investors and hedge funds own 40.00% of the company’s stock.

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.