Research analysts at StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN – Get Free Report) in a research note issued to investors on Thursday. The firm set a “hold” rating on the textile maker’s stock.
The Dixie Group Stock Performance
DXYN opened at $0.65 on Thursday. The stock has a market capitalization of $9.92 million, a price-to-earnings ratio of -3.25 and a beta of 2.66. The company has a fifty day moving average of $0.67 and a 200 day moving average of $0.71. The Dixie Group has a fifty-two week low of $0.45 and a fifty-two week high of $1.05. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.81 and a current ratio of 2.54.
Hedge Funds Weigh In On The Dixie Group
An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp raised its holdings in shares of The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,992 shares of the textile maker’s stock after purchasing an additional 30,000 shares during the quarter. Truist Financial Corp owned 0.57% of The Dixie Group worth $59,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors 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.
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