The Dixie Group Inc. (DXYN) Sees Large Volume Increase
The Dixie Group Inc. (NASDAQ:DXYN) shares saw strong trading volume on Wednesday . 91,902 shares traded hands during 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 upgraded shares of The Dixie Group from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Thursday, July 28th.
The company’s 50 day moving average is $3.67 and its 200 day moving average is $3.95. The stock’s market cap is $60.08 million.
The Dixie Group (NASDAQ:DXYN) last posted its earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.18. The firm earned $105.32 million during the quarter, compared to analyst estimates of $107.10 million. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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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