The Dixie Group Inc. (DXYN) Sees Strong Trading Volume
The Dixie Group Inc. (NASDAQ:DXYN) saw strong trading volume on Wednesday . 91,902 shares were traded during mid-day trading, an increase of 50% from the previous session’s volume of 61,190 shares.The stock last traded at $3.79 and had previously closed at $3.74.
Separately, Zacks Investment Research raised The Dixie Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 26th.
The company has a 50 day moving average of $3.66 and a 200 day moving average of $3.96. The company’s market capitalization is $59.92 million.
The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.18. During the same quarter in the prior year, the firm posted $0.03 EPS. The company earned $105.32 million during the quarter, compared to analysts’ expectations of $107.10 million. The firm’s quarterly revenue was down 4.2% on a year-over-year basis.
The Dixie Group, Inc is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers.
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