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The Dixie Group (DXYN) in Focus: Stock Tumbles 8.6%

Zacks Equity Research

The Dixie Group, Inc. (DXYN) saw a big move last session, as the company’s shares fell nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DXYN, as the stock is now down more than 24% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company has seen one negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

DXYN currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is Zero.

Some better-ranked stocks in the industrial sector include Gorman-Rupp Co. (GRC), AO Smith Corp. (AOS) and Blount International Inc. (BLT). All these stocks carry a Zacks Rank # 2 (Buy).

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DIXIE GROUP INC (DXYN): Free Stock Analysis Report

GORMAN RUPP CO (GRC): Free Stock Analysis Report

A O SMITH CORPORATION (AOS): Free Stock Analysis Report

BLOUNT INTL INC NEW (BLT): Free Stock Analysis Report

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