The Dixie Group Inc. (DXYN) Sees Unusually-High Trading Volume
Shares of The Dixie Group Inc. (NASDAQ:DXYN) saw unusually-high trading volume on Friday . Approximately 61,660 shares changed hands during mid-day 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 raised shares of The Dixie Group from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Thursday, July 28th.
The stock’s market capitalization is $72.91 million. The stock has a 50 day moving average of $3.78 and a 200 day moving average of $3.95.
The Dixie Group (NASDAQ:DXYN) last released its earnings results on Wednesday, July 27th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.18. The company had revenue of $105.32 million for the quarter, compared to analysts’ expectations of $107.10 million. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS.
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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