The Dixie Group (NASDAQ:DXYN) Earns Hold Rating from Analysts at StockNews.com

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

The Dixie Group Price Performance

NASDAQ DXYN opened at $0.52 on Wednesday. The company has a market capitalization of $8.08 million, a PE ratio of -2.60 and a beta of 2.30. 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 business’s fifty day moving average is $0.55 and its 200 day moving average is $0.63. The Dixie Group has a fifty-two week low of $0.46 and a fifty-two week high of $1.36.

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 company had revenue of $66.67 million for the quarter. The Dixie Group had a negative return on equity of 3.19% and a negative net margin of 0.98%.

Institutional Investors Weigh In On The Dixie Group

An institutional investor recently bought a new position in The Dixie Group stock. First Dallas Securities Inc. purchased a new stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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 SEC filing. 40.00% of the stock is owned by institutional investors and hedge funds.

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.