StockNews.com began coverage on shares of Culp (NYSE:CULP – Free Report) in a report published on Monday. The brokerage issued a hold rating on the textile maker’s stock.
Culp Stock Performance
NYSE:CULP opened at $5.73 on Monday. The company has a market cap of $71.45 million, a price-to-earnings ratio of -5.16 and a beta of 1.19. Culp has a fifty-two week low of $4.25 and a fifty-two week high of $6.85. The stock has a fifty day moving average price of $5.62 and a 200-day moving average price of $4.97.
Culp (NYSE:CULP – Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The textile maker reported ($0.37) EPS for the quarter. The company had revenue of $56.54 million during the quarter. Culp had a negative net margin of 7.88% and a negative return on equity of 19.51%.
Insider Buying and Selling
Institutional Trading of Culp
An institutional investor recently raised its position in Culp stock. Vanguard Group Inc. increased its holdings in shares of Culp, Inc. (NYSE:CULP – Free Report) by 4.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 485,420 shares of the textile maker’s stock after buying an additional 19,640 shares during the period. Vanguard Group Inc. owned about 3.89% of Culp worth $2,330,000 at the end of the most recent quarter. Institutional investors and hedge funds own 75.05% of the company’s stock.
About Culp
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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