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

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

The Dixie Group Price Performance

Shares of The Dixie Group stock opened at $0.53 on Wednesday. The company has a current ratio of 2.84, a quick ratio of 0.91 and a debt-to-equity ratio of 2.67. The Dixie Group has a 52-week low of $0.46 and a 52-week high of $1.36. The stock has a 50-day simple moving average of $0.55 and a 200-day simple moving average of $0.63.

The Dixie Group (NASDAQ:DXYN) last announced its quarterly earnings results on Friday, March 8th. The textile maker reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $66.67 million during the quarter. The Dixie Group had a negative return on equity of 3.19% and a negative net margin of 0.98%.

Institutional Investors Weigh In On The Dixie Group

A hedge fund recently bought a new stake in The Dixie Group stock. First Dallas Securities Inc. bought a new position in The Dixie Group, Inc. (NASDAQ:DXYN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 466,282 shares of the textile maker’s stock, valued at approximately $321,000. First Dallas Securities Inc. owned about 3.00% of The Dixie Group as of its most recent filing with the Securities and Exchange Commission. 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.