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

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

The Dixie Group Stock Performance

Shares of DXYN opened at $0.52 on Wednesday. The stock has a 50-day moving average of $0.58 and a 200-day moving average of $0.67. The Dixie Group has a one year low of $0.42 and a one year high of $1.05. The company has a debt-to-equity ratio of 3.60, a current ratio of 2.54 and a quick ratio of 0.81. The company has a market cap of $7.94 million, a PE ratio of -2.60 and a beta of 2.62.

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.