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

Posted by ABMN Staff on Apr 24th, 2024

StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN – Get Free Report) in a report released on Wednesday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Down 5.6 %

Shares of NASDAQ:DXYN opened at $0.51 on Wednesday. The Dixie Group has a 52-week low of $0.46 and a 52-week high of $1.36. 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 firm has a market capitalization of $7.86 million, a P/E ratio of -2.53 and a beta of 2.30. The stock has a 50 day moving average price of $0.56 and a 200-day moving average price of $0.63.

The Dixie Group (NASDAQ:DXYN – Get Free Report) last posted its quarterly earnings data on Friday, March 8th. The textile maker reported $0.22 earnings per share for the quarter. The Dixie Group had a negative return on equity of 3.19% and a negative net margin of 0.98%. The company had revenue of $66.67 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in The Dixie Group stock. First Dallas Securities Inc. acquired a new stake in shares of The Dixie Group, Inc. (NASDAQ:DXYN – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. 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 as of its most recent SEC filing. 40.00% of the stock is owned by hedge funds and other institutional investors.

The Dixie Group Company Profile

(Get Free Report)

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.