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The Dixie Group (NASDAQ:DXYN)’s share price hit a new 52-week high during mid-day trading on Friday , Analyst Ratings Network reports. The stock traded as high as $14.75 and last traded at $14.63, with a volume of 98,676 shares trading hands. The stock had previously closed at $13.74.

Separately, analysts at Zacks downgraded shares of The Dixie Group from an “outperform” rating to a “neutral” rating in a research note on Monday, December 2nd. They now have a $13.90 price target on the stock.

The stock’s 50-day moving average is $13.62 and its 200-day moving average is $12.08. The company has a market cap of $186.7 million and a P/E ratio of 55.85.

The Dixie Group (NASDAQ:DXYN) last announced its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.04. On average, analysts predict that The Dixie Group will post $0.78 earnings per share for the current fiscal year.

The Dixie Group, Inc is engaged in marketing, manufacturing and selling carpets and rugs to residential and commercial customers through the Fabrica International, Masland Carpets and the Dixie Home brands.

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