The Dixie Group Inc. (DXYN) Stock Price Up 9.9%
Shares of The Dixie Group Inc. (NASDAQ:DXYN) rose 9.9% during mid-day trading on Wednesday . The company traded as high as $4.59 and last traded at $4.46, with a volume of 63,252 shares traded. The stock had previously closed at $4.06.
Separately, Zacks Investment Research upgraded shares of The Dixie Group from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research note on Thursday, July 28th.
The stock has a 50 day moving average price of $3.75 and a 200 day moving average price of $3.95. The company’s market capitalization is $73.22 million.
The Dixie Group (NASDAQ:DXYN) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.18. The company had revenue of $105.32 million for the quarter, compared to analyst estimates of $107.10 million. The business’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share.
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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