The Dixie Group Inc. (DXYN) Sees Unusually-High Trading Volume
The Dixie Group Inc. (NASDAQ:DXYN) shares saw unusually-high trading volume on Friday . Approximately 61,660 shares changed hands during trading, an increase of 12% from the previous session’s volume of 55,191 shares.The stock last traded at $4.72 and had previously closed at $4.72.
Separately, Zacks Investment Research upgraded shares of The Dixie Group from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Thursday, July 28th.
The firm’s market capitalization is $72.91 million. The stock’s 50-day moving average price is $3.75 and its 200 day moving average price is $3.95.
The Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.18. The business had revenue of $105.32 million for the quarter, compared to the consensus estimate of $107.10 million. During the same period in the prior year, the business earned $0.03 earnings per share. The Dixie Group’s revenue was down 4.2% compared to the same quarter last year.
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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