The Dixie Group (NASDAQ:DXYN) Share Price Crosses Above Two Hundred Day Moving Average of $0.88

The Dixie Group, Inc. (NASDAQ:DXYN – Get Rating) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.88 and traded as high as $0.93. The Dixie Group shares last traded at $0.89, with a volume of 9,855 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on The Dixie Group in a report on Wednesday. They issued a “hold” rating on the stock.

The Dixie Group Stock Down 1.5 %

The company has a quick ratio of 1.01, a current ratio of 2.92 and a debt-to-equity ratio of 3.35. The firm’s 50-day moving average price is $0.79 and its 200 day moving average price is $0.88. The firm has a market cap of $13.87 million, a P/E ratio of -0.40 and a beta of 2.34.

The Dixie Group (NASDAQ:DXYN – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The textile maker reported ($1.19) EPS for the quarter. The firm had revenue of $70.54 million during the quarter. The Dixie Group had a negative net margin of 11.42% and a negative return on equity of 71.76%.

Hedge Funds Weigh In On The Dixie Group

A number of institutional investors and hedge funds have recently bought and sold shares of DXYN. Vanguard Group Inc. raised its position in shares of The Dixie Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 550,669 shares of the textile maker’s stock worth $594,000 after buying an additional 15,480 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of The Dixie Group by 18.3% during the fourth quarter. Renaissance Technologies LLC now owns 140,500 shares of the textile maker’s stock valued at $110,000 after acquiring an additional 21,700 shares during the period. Virtu Financial LLC bought a new stake in The Dixie Group during the fourth quarter worth approximately $35,000. Cambiar Investors LLC bought a new stake in The Dixie Group during the first quarter worth approximately $35,000. Finally, Hodges Capital Management Inc. lifted its position in The Dixie Group by 79.0% in the fourth quarter. Hodges Capital Management Inc. now owns 2,254,688 shares of the textile maker’s stock worth $1,765,000 after purchasing an additional 995,277 shares during the period. Institutional investors own 35.88% of the company’s stock.

About The Dixie Group

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The Dixie Group, Inc engages in the marketing, manufacture, and sale of floorcovering products. It serves the commercial and residential markets. Its brands include Fabrica, Masland Residential, Dixie Home, and AtlasMasland The company was founded in 1920 and is headquartered in Dalton, GA.