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

StockNews.com started coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Performance

DXYN opened at $0.53 on Wednesday. The stock has a market capitalization of $8.29 million, a price-to-earnings ratio of -2.67 and a beta of 2.30. The company has a fifty day moving average of $0.55 and a 200 day moving average of $0.63. The Dixie Group has a fifty-two week low of $0.46 and a fifty-two week high of $1.36. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.91 and a current ratio of 2.84.

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

Hedge Funds Weigh In On The Dixie Group

An institutional investor recently bought a new position in The Dixie Group stock. First Dallas Securities Inc. acquired a new stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 466,282 shares of the textile maker’s stock, valued at approximately $321,000. First Dallas Securities Inc. owned about 3.00% of The Dixie Group as of its most recent SEC filing. Hedge funds and other 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.