The Dixie Group Inc. (NASDAQ:DXYN) rose 9.9% on Wednesday . The stock traded as high as $4.59 and last traded at $4.46, with a volume of 63,252 shares changing hands. The stock had previously closed at $4.06.

Separately, Zacks Investment Research raised shares of The Dixie Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 26th.

The company has a 50 day moving average price of $3.72 and a 200-day moving average price of $3.94. The company’s market capitalization is $74.16 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, beating the consensus estimate of ($0.06) by $0.18. During the same period last year, the firm earned $0.03 earnings per share. The company earned $105.32 million during the quarter, compared to analysts’ expectations of $107.10 million. The Dixie Group’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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