The Dixie Group (NASDAQ:DXYN) Now Covered by StockNews.com

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

The Dixie Group Stock Down 6.6 %

DXYN stock opened at $0.66 on Thursday. 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 $10.41 million, a P/E ratio of -2.62 and a beta of 2.41. The business has a 50-day moving average of $0.78 and a 200-day moving average of $0.67. 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 posted its quarterly earnings data on Thursday, May 2nd. The textile maker reported ($0.16) earnings per share for the quarter. The Dixie Group had a negative return on equity of 10.20% and a negative net margin of 1.26%. The firm had revenue of $65.25 million for the quarter.

Institutional Inflows and Outflows

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) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 filing with the Securities and Exchange Commission (SEC). 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.