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

Posted by Dante Gardener on Dec 7th, 2024

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

The Dixie Group Price Performance

DXYN opened at $0.68 on Wednesday. The company has a fifty day moving average price of $0.74 and a two-hundred day moving average price of $0.75. The firm has a market capitalization of $10.46 million, a PE ratio of -3.40 and a beta of 2.61. The Dixie Group has a 52 week low of $0.45 and a 52 week high of $1.05. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.81 and a current ratio of 2.54.

The Dixie Group (NASDAQ:DXYN – Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported ($0.26) EPS for the quarter. The Dixie Group had a negative return on equity of 7.65% and a negative net margin of 0.99%. The company had revenue of $64.88 million for 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 shares of The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 currently owned by hedge funds and other institutional investors.

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.