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

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

The Dixie Group Price Performance

Shares of DXYN opened at $0.64 on Tuesday. The Dixie Group has a twelve month low of $0.38 and a twelve month high of $1.05. The firm’s fifty day simple moving average is $0.55 and its 200-day simple moving average is $0.61. The firm has a market capitalization of $9.72 million, a price-to-earnings ratio of -3.19 and a beta of 2.73. The company has a current ratio of 2.54, a quick ratio of 0.81 and a debt-to-equity ratio of 3.60.

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.