DXYN Stock Surges 6.22% Amid Textile Sector Downturn

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Oct 21, 2024

The stock of Dixie Group (DXYN, Financial) on the U.S. OTC market experienced significant movement, with its price rising by 6.22%. Currently, the stock is priced at $0.922 per share, with a trading volume of 64,307 shares, a turnover rate of 0.42%, and a price fluctuation of 4.61%.

Recent financial reports indicate that Dixie Group achieved a revenue of $70.51 million and a net profit of $628,000, resulting in earnings per share of $0.04. The company's gross profit stood at $19.81 million. The price-to-earnings (P/E) ratio is noted as -13.00. It is important to note that there are no institutional ratings such as "buy," "hold," or "sell" for DXYN at the moment.

In the broader textile manufacturing sector, which saw an overall decline of 1.03%, some related stocks experienced notable activity. Among these, Albany International, China Yuhua, and Karp Textile registered significant gains and trading activity. Albany International observed a turnover rate of 0.67% and a price fluctuation of 3.87%, while China Yuhua and Karp Textile also displayed active trading and fluctuations of 3.03% and 2.52% respectively.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.