The Dixie Group (NASDAQ:DXYN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of The Dixie Group (NASDAQ:DXYN) in a report released on Wednesday morning. The brokerage issued a hold rating on the textile maker’s stock.

The Dixie Group Stock Performance

NASDAQ DXYN opened at $0.53 on Wednesday. The Dixie Group has a 12 month low of $0.46 and a 12 month high of $1.36. The company has a 50-day moving average of $0.55 and a 200-day moving average of $0.63. The company has a quick ratio of 0.91, a current ratio of 2.84 and a debt-to-equity ratio of 2.67.

The Dixie Group (NASDAQ:DXYN) last posted its earnings results on Friday, March 8th. The textile maker reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $66.67 million during the quarter. The Dixie Group had a negative net margin of 0.98% and a negative return on equity of 3.19%.

Institutional Trading of The Dixie Group

A hedge fund recently bought a new stake in The Dixie Group stock. First Dallas Securities Inc. bought a new position in shares of The Dixie Group, Inc. (NASDAQ:DXYN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 466,282 shares of the textile maker’s stock, valued at approximately $321,000. First Dallas Securities Inc. owned approximately 3.00% of The Dixie Group as of its most recent filing with the Securities and Exchange Commission. 40.00% of the stock is owned by hedge funds and other institutional investors.

About The Dixie Group

The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. The company offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.