Favorable Media Coverage Somewhat Unlikely to Impact Dixie Group (DXYN) Share Price
Headlines about Dixie Group (NASDAQ:DXYN) have been trending positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dixie Group earned a news impact 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, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Separately, Zacks Investment Research upgraded shares of Dixie Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th.
Dixie Group (NASDAQ DXYN) traded up $0.05 during mid-day trading on Friday, reaching $3.55. 17,785 shares of the company’s stock traded hands, 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. Dixie Group has a 12-month low of $3.30 and a 12-month high of $5.20. The company has a market capitalization of $57.30, a price-to-earnings ratio of -19.72 and a beta of 0.61.
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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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