Dixie Group (DXYN) Sets New 12-Month Low at $0.62

Shares of Dixie Group Inc (NASDAQ:DXYN) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $0.62 and last traded at $0.94, with a volume of 588 shares. The stock had previously closed at $1.25.

A number of analysts recently issued reports on the company. ValuEngine downgraded Dixie Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded Dixie Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th.

The firm has a market cap of $21.39 million, a P/E ratio of -13.43 and a beta of 0.33. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.70 and a quick ratio of 0.85.

An institutional investor recently raised its position in Dixie Group stock. Russell Investments Group Ltd. boosted its position in shares of Dixie Group Inc (NASDAQ:DXYN) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 630,420 shares of the textile maker’s stock after acquiring an additional 26,600 shares during the quarter. Russell Investments Group Ltd. owned 3.84% of Dixie Group worth $1,450,000 at the end of the most recent quarter. 60.11% of the stock is currently owned by institutional investors.

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Dixie Group Company Profile (NASDAQ:DXYN)

The Dixie Group, Inc manufactures, markets, and sells floorcovering products for residential and commercial applications primarily in the United States. It offers residential carpets and custom rugs, specialty carpets and rugs, residential tufted broadloom and rugs, and broadloom and modular carpet tiles.

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