The Dixie Group (NASDAQ:DXYN) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

NASDAQ DXYN opened at $0.67 on Friday. 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 12 month low of $0.46 and a 12 month high of $1.36. The stock has a market cap of $10.45 million, a price-to-earnings ratio of -2.69 and a beta of 2.34. The company’s 50 day moving average is $0.56 and its two-hundred day moving average is $0.63.

The Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings results on Friday, March 8th. The textile maker reported $0.22 earnings per share (EPS) for the quarter. The Dixie Group had a negative return on equity of 10.12% and a negative net margin of 1.26%. The business had revenue of $66.67 million during the quarter.

Hedge Funds 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) during the 3rd quarter, according to its most recent disclosure with the Securities & 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 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.