The Dixie Group (NASDAQ:DXYN) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYNGet Free Report) in a research report issued on Tuesday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Price Performance

DXYN opened at $0.92 on Tuesday. The Dixie Group has a 1-year low of $0.46 and a 1-year high of $1.36. The firm’s 50 day simple moving average is $0.70 and its two-hundred day simple moving average is $0.67. The company has a market capitalization of $14.62 million, a PE ratio of -3.68 and a beta of 2.41. The company has a current ratio of 2.39, a quick ratio of 0.82 and a debt-to-equity ratio of 2.99.

The Dixie Group (NASDAQ:DXYNGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The textile maker reported ($0.16) earnings per share for the quarter. The firm had revenue of $65.25 million during the quarter. The Dixie Group had a negative return on equity of 10.20% and a negative net margin of 1.26%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in The Dixie Group stock. First Dallas Securities Inc. purchased a new stake in shares of The Dixie Group, Inc. (NASDAQ:DXYNFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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. 40.00% of the stock is currently owned by hedge funds and other institutional investors.

The Dixie Group Company Profile

(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.

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