The Dixie Group (NASDAQ:DXYN) Now Covered by Analysts at StockNews.com

Posted by Jared Coughlin on Nov 29th, 2024

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

The Dixie Group Trading Down 4.1 %

NASDAQ DXYN opened at $0.68 on Tuesday. The firm’s fifty day moving average is $0.75 and its two-hundred day moving average is $0.76. The Dixie Group has a one year low of $0.45 and a one year 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 firm has a market cap of $10.47 million, a PE ratio of -3.40 and a beta of 2.64.

The Dixie Group (NASDAQ:DXYN – Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The textile maker reported ($0.26) earnings per share (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 company had revenue of $64.88 million during the quarter.

Hedge Funds Weigh In On The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp raised its position in The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the period. 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 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.