BlackRock Inc. Trims Stake in Dixie Group Inc (NASDAQ:DXYN)

BlackRock Inc. reduced its position in Dixie Group Inc (NASDAQ:DXYN) by 8.2% in the 2nd quarter, according to its most recent filing with the SEC.

Dixie Group logoBlackRock Inc. reduced its position in Dixie Group Inc (NASDAQ:DXYN) by 8.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 367,764 shares of the textile maker’s stock after selling 32,685 shares during the period. BlackRock Inc. owned 2.25% of Dixie Group worth $213,000 at the end of the most recent quarter.

Shares of DXYN opened at $1.96 on Friday. Dixie Group Inc has a 1 year low of $0.34 and a 1 year high of $2.09. The business’s 50 day simple moving average is $1.37 and its 200-day simple moving average is $0.88. The company has a quick ratio of 0.81, a current ratio of 2.36 and a debt-to-equity ratio of 2.53.

Dixie Group (NASDAQ:DXYN) last issued its quarterly earnings data on Monday, August 5th. The textile maker reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $100.39 million for the quarter. Dixie Group had a negative return on equity of 14.03% and a negative net margin of 6.32%.

Dixie Group Profile

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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Institutional Ownership by Quarter for Dixie Group (NASDAQ:DXYN)

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