Research analysts at StockNews.com assumed coverage on shares of Culp (NYSE:CULP – Get Rating) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the textile maker’s stock.
Culp Stock Down 3.4 %
Shares of Culp stock opened at $4.76 on Wednesday. Culp has a twelve month low of $3.94 and a twelve month high of $5.70. The business has a 50-day moving average price of $5.01 and a 200 day moving average price of $5.12. The firm has a market cap of $58.60 million, a PE ratio of -1.78, a P/E/G ratio of 3.04 and a beta of 1.24.
Institutional Investors Weigh In On Culp
Several institutional investors have recently bought and sold shares of CULP. Bragg Financial Advisors Inc acquired a new stake in Culp in the 4th quarter worth about $46,000. HighTower Advisors LLC acquired a new position in shares of Culp during the 4th quarter worth approximately $48,000. Virtu Financial LLC acquired a new position in shares of Culp during the 4th quarter worth approximately $80,000. Engineers Gate Manager LP acquired a new position in shares of Culp during the 1st quarter worth approximately $112,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Culp during the 4th quarter worth approximately $184,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.
Culp Company Profile
Culp, Inc engages in the design, manufacture, and trade of mattresses and upholstery products. It operates through the Mattress Fabrics and Upholstery Fabrics segments. The Mattress Fabrics segment markets and sells covers and beddings under the Culp Home Fashions brand. The Upholstery Fabrics segment produces and supplies fabrics for residential and commercial manufacturers.
Further Reading
- Get a free copy of the StockNews.com research report on Culp (CULP)
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