The Dixie Group (NASDAQ:DXYN) Stock Passes Above Two Hundred Day Moving Average of $0.68

Shares of The Dixie Group, Inc. (NASDAQ:DXYN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.68 and traded as high as $0.73. The Dixie Group shares last traded at $0.69, with a volume of 6,776 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of The Dixie Group in a research note on Saturday. They set a “hold” rating on the stock.

The Dixie Group Price Performance

The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 3.03. The firm’s 50-day moving average price is $0.70 and its 200-day moving average price is $0.68. The stock has a market capitalization of $10.96 million, a PE ratio of -2.76 and a beta of 2.68.

The Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings data on Thursday, August 8th. The textile maker reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $70.51 million for the quarter. The Dixie Group had a negative return on equity of 1.92% and a negative net margin of 0.42%.

Institutional Trading of The Dixie Group

An institutional investor recently raised its position in The Dixie Group stock. Truist Financial Corp grew its position in The Dixie Group, Inc. (NASDAQ:DXYN) by 50.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,992 shares of the textile maker’s stock after acquiring an additional 30,000 shares during the quarter. Truist Financial Corp owned about 0.57% of The Dixie Group worth $59,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 40.00% of the company’s stock.

The Dixie Group Company Profile

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.