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

StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research report report published on Sunday morning. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Down 4.4 %

The Dixie Group stock opened at $0.89 on Friday. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.39 and a quick ratio of 0.82. The stock has a market capitalization of $14.12 million, a price-to-earnings ratio of -3.56 and a beta of 2.34. The Dixie Group has a 1-year low of $0.46 and a 1-year high of $1.36. The business has a fifty day moving average price of $0.62 and a 200-day moving average price of $0.65.

The Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings data on Thursday, May 2nd. The textile maker reported ($0.16) earnings per share for the quarter. The business had revenue of $65.25 million during the quarter. The Dixie Group had a negative return on equity of 10.20% and a negative net margin of 1.26%.

Institutional Trading of The Dixie Group

An institutional investor recently bought a new position in The Dixie Group stock. First Dallas Securities Inc. acquired a new position in The Dixie Group, Inc. (NASDAQ:DXYN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 466,282 shares of the textile maker’s stock, valued at approximately $321,000. First Dallas Securities Inc. owned approximately 3.00% of The Dixie Group at the end of the most recent reporting period. 40.00% of the stock is currently owned by hedge funds and other institutional investors.

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.