Dixie Group (DXYN) Reaches New 52-Week Low at $3.25
Dixie Group Inc (NASDAQ:DXYN) shares reached a new 52-week low on Wednesday . The stock traded as low as $3.25 and last traded at $3.25, with a volume of 17698 shares. The stock had previously closed at $3.35.
Several research analysts have recently weighed in on DXYN shares. Zacks Investment Research cut Dixie Group from a “hold” rating to a “strong sell” rating in a research note on Monday, November 13th. ValuEngine cut Dixie Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.
The firm has a market capitalization of $54.88, a PE ratio of -18.61 and a beta of 0.26. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.81 and a current ratio of 2.61.
A number of institutional investors have recently bought and sold shares of the stock. Boston Partners increased its position in Dixie Group by 37.1% during the fourth quarter. Boston Partners now owns 657,020 shares of the textile maker’s stock valued at $2,530,000 after acquiring an additional 177,690 shares during the last quarter. Walthausen & Co. LLC purchased a new stake in Dixie Group during the third quarter valued at $400,000. Royce & Associates LP increased its position in Dixie Group by 4.8% during the third quarter. Royce & Associates LP now owns 1,466,930 shares of the textile maker’s stock valued at $5,868,000 after acquiring an additional 67,819 shares during the last quarter. Wells Fargo & Company MN increased its position in Dixie Group by 3.3% during the third quarter. Wells Fargo & Company MN now owns 1,696,021 shares of the textile maker’s stock valued at $6,785,000 after acquiring an additional 53,487 shares during the last quarter. Finally, Advisor Group Inc. increased its position in Dixie Group by 2.7% during the second quarter. Advisor Group Inc. now owns 89,945 shares of the textile maker’s stock valued at $401,000 after acquiring an additional 2,350 shares during the last quarter. Institutional investors own 62.84% of the company’s stock.
Dixie Group Company Profile
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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