StockNews.com began coverage on shares of Culp (NYSE:CULP – Free Report) in a report issued on Sunday morning. The firm issued a hold rating on the textile maker’s stock.
Culp Stock Up 1.6 %
NYSE CULP opened at $5.32 on Friday. Culp has a 52 week low of $4.25 and a 52 week high of $6.85. The business has a 50 day moving average price of $5.45 and a 200-day moving average price of $5.41. The company has a market cap of $66.76 million, a price-to-earnings ratio of -3.16 and a beta of 1.16.
Culp (NYSE:CULP – Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported ($0.29) EPS for the quarter. Culp had a negative net margin of 9.43% and a negative return on equity of 22.50%.
Insider Buying and Selling
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Culp stock. Geode Capital Management LLC grew its holdings in shares of Culp, Inc. (NYSE:CULP – Free Report) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,825 shares of the textile maker’s stock after purchasing an additional 12,830 shares during the quarter. Geode Capital Management LLC owned approximately 0.83% of Culp worth $680,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 75.05% of the company’s stock.
Culp Company Profile
Culp, Inc manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in the United States, North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics.
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