Positive News Coverage Somewhat Unlikely to Affect Dixie Group (DXYN) Share Price
Press coverage about Dixie Group (NASDAQ:DXYN) has trended positive on Friday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dixie Group earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave media coverage about the textile maker an impact score of 45.33696126199 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Dixie Group (NASDAQ DXYN) traded up $0.15 during trading on Friday, hitting $3.95. 21,100 shares of the company’s stock were exchanged, compared to its average volume of 18,275. 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 $61.33, a price-to-earnings ratio of -21.94 and a beta of 0.61. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 0.81.
Dixie Group (NASDAQ:DXYN) last released its quarterly earnings data on Thursday, November 9th. The textile maker reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Dixie Group had a negative net margin of 0.68% and a negative return on equity of 2.89%. sell-side analysts forecast that Dixie Group will post 0.02 earnings per share for the current fiscal year.
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About Dixie Group
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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