Shares of The Dixie Group Inc. (NASDAQ:DXYN) traded today at $6.00, eclipsing its 52-week high. So far today approximately 325,000 shares have been exchanged, as compared to an average 30-day volume of 191,000 shares.
The Dixie Group Inc is carpet and rug mills company. Its businesses consist principally of marketing, manufacturing and selling finished carpet, rugs, and luxury vinyl tile in the domestic floor covering market. The company has one reportable segment, floor covering. The company sells floor covering products in both residential and commercial applications. Additionally, the company provides manufacturing support to its carpet businesses through its separate processing operations. Its business is primarily concentrated in areas of the soft floor covering market segment. The company provides its products under the brand of Fabrica, Masland Residential, Dixie Home, Atlas Carpet Mills, Masland Contract, and Hospitality.
Based on a current price of $5.72, The Dixie Group Inc. is currently 19.5% above its average consensus analyst price target of $4.61.
In the past 52 weeks, The Dixie Group Inc. share prices are bracketed by a low of $0.53 and a high of $6.00 and is now at $5.72, 980% above that low price.
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