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

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

The Dixie Group Price Performance

NASDAQ:DXYN traded down $0.07 during trading hours on Thursday, hitting $0.62. The company’s stock had a trading volume of 130,098 shares, compared to its average volume of 26,594. The Dixie Group has a 52-week low of $0.46 and a 52-week high of $1.36. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.91 and a current ratio of 2.84. The business’s 50-day moving average is $0.55 and its two-hundred day moving average is $0.63. The company has a market capitalization of $9.56 million, a PE ratio of -2.46 and a beta of 2.34.

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 net margin of 1.26% and a negative return on equity of 10.12%.

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 stake in The Dixie Group, Inc. (NASDAQ:DXYN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 & Exchange Commission. 40.00% of the stock is currently owned by institutional investors and hedge funds.

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.