Favorable Press Coverage Somewhat Unlikely to Impact Dixie Group (DXYN) Share Price

Media stories about Dixie Group (NASDAQ:DXYN) have trended positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dixie Group earned a news sentiment score of 0.33 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 45.1971160464996 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Separately, Zacks Investment Research lowered shares of Dixie Group from a “hold” rating to a “strong sell” rating in a research note on Monday, November 13th.

Shares of Dixie Group (DXYN) traded up $0.05 during trading hours on Friday, hitting $3.55. 17,785 shares of the company were exchanged, compared to its average volume of 26,522. The company has a current ratio of 2.61, a quick ratio of 0.81 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $57.30, a price-to-earnings ratio of -19.72 and a beta of 0.61. Dixie Group has a fifty-two week low of $3.30 and a fifty-two week high of $5.20.

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About Dixie Group

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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