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

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

The Dixie Group Stock Performance

NASDAQ:DXYN opened at $0.52 on Tuesday. The company has a market capitalization of $8.06 million, a P/E ratio of -2.59 and a beta of 2.30. The Dixie Group has a 1 year low of $0.46 and a 1 year high of $1.36. The company has a debt-to-equity ratio of 2.67, a current ratio of 2.84 and a quick ratio of 0.91. The business has a fifty day simple moving average of $0.56 and a two-hundred day simple moving average of $0.63.

The Dixie Group (NASDAQ:DXYN) last posted its earnings results on Friday, March 8th. The textile maker reported $0.22 EPS for the quarter. The Dixie Group had a negative return on equity of 3.19% and a negative net margin of 0.98%. The business had revenue of $66.67 million during the quarter.

Institutional Investors Weigh In On The Dixie Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Dallas Securities Inc. purchased a new position in The Dixie Group during the 3rd quarter valued at about $321,000. Two Sigma Securities LLC bought a new position in shares of The Dixie Group during the 2nd quarter valued at $65,000. Virtu Financial LLC bought a new position in shares of The Dixie Group during the 4th quarter valued at $35,000. Renaissance Technologies LLC raised its holdings in The Dixie Group by 18.3% in the 4th quarter. Renaissance Technologies LLC now owns 140,500 shares of the textile maker’s stock worth $110,000 after purchasing an additional 21,700 shares during the period. Finally, Vanguard Group Inc. raised its holdings in The Dixie Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 550,669 shares of the textile maker’s stock worth $594,000 after purchasing an additional 15,480 shares during the period. Institutional investors own 40.00% of the company’s stock.

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.