StockNews.com Begins Coverage on The Dixie Group (NASDAQ:DXYN)

StockNews.com began coverage on shares of The Dixie Group (NASDAQ:DXYN) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the textile maker’s stock.

The Dixie Group Trading Up 21.9 %

DXYN opened at $0.59 on Friday. The business’s 50-day simple moving average is $0.51 and its 200-day simple moving average is $0.64. The company has a market cap of $8.93 million, a P/E ratio of -2.92 and a beta of 2.62. The Dixie Group has a one year low of $0.38 and a one year high of $1.05. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.81 and a current ratio of 2.54.

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.