Press coverage about Dixie Group (NASDAQ:DXYN) has been trending positive recently, according to Alpha One Sentiment Analysis. The research group, a subsidiary of Accern, rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Dixie Group earned a news impact score of 0.43 on Alpha One’s scale. Alpha One also assigned press coverage about the textile maker an impact score of 91 out of 100, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.

Separately, Zacks Investment Research lowered Dixie Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 10th.

Dixie Group (NASDAQ:DXYN) traded up 5.80% during mid-day trading on Friday, hitting $3.65. The stock had a trading volume of 24,242 shares. The firm’s 50-day moving average is $3.48 and its 200 day moving average is $3.69. The company’s market cap is $57.16 million. Dixie Group has a 12 month low of $3.00 and a 12 month high of $5.56.

Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings results on Monday, March 6th. The textile maker reported ($0.17) earnings per share (EPS) for the quarter. Dixie Group had a negative return on equity of 1.66% and a negative net margin of 0.77%. The firm had revenue of $102.61 million for the quarter, compared to the consensus estimate of $100.30 million. During the same period last year, the firm earned ($0.03) EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities analysts anticipate that Dixie Group will post $0.10 EPS for the current fiscal year.

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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.

5 Day Chart for NASDAQ:DXYN

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