StockNews.com Initiates Coverage on The Dixie Group (NASDAQ:DXYN)

Analysts at StockNews.com started coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report issued on Wednesday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Performance

The Dixie Group stock opened at $0.51 on Wednesday. The business has a 50 day moving average of $0.55 and a 200-day moving average of $0.63. 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 company has a market capitalization of $7.92 million, a P/E ratio of -2.55 and a beta of 2.30.

The Dixie Group (NASDAQ:DXYN) last released its earnings results on Friday, March 8th. The textile maker reported $0.22 earnings per share for the quarter. The business 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%.

Institutional Trading of The Dixie Group

An institutional investor recently bought a new position in The Dixie Group stock. First Dallas Securities Inc. bought a new stake in shares of 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 institutional investor bought 466,282 shares of the textile maker’s stock, valued at approximately $321,000. First Dallas Securities Inc. owned 3.00% of The Dixie Group as of its most recent filing with the Securities and Exchange Commission. 40.00% of the stock is 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.