StockNews.com began coverage on shares of Culp (NYSE:CULP – Free Report) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the textile maker’s stock.
Culp Stock Performance
Culp stock opened at $5.32 on Friday. Culp has a 52 week low of $4.25 and a 52 week high of $6.85. The stock has a market capitalization of $66.76 million, a P/E ratio of -3.16 and a beta of 1.16. The stock has a fifty day moving average of $5.45 and a 200-day moving average of $5.41.
Culp (NYSE:CULP – Get Free Report) last issued its earnings results on Wednesday, December 4th. The textile maker reported ($0.29) EPS for the quarter. Culp had a negative return on equity of 22.50% and a negative net margin of 9.43%.
Insider Activity
Hedge Funds Weigh In On Culp
A hedge fund recently raised its stake in Culp stock. Geode Capital Management LLC increased its stake in shares of Culp, Inc. (NYSE:CULP – Free Report) by 14.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,825 shares of the textile maker’s stock after acquiring 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 quarter. 75.05% of the stock is currently owned by institutional investors and hedge funds.
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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