Equities research analysts at StockNews.com began coverage on shares of Culp (NYSE:CULP – Get Rating) in a note issued to investors on Friday. The brokerage set a “sell” rating on the textile maker’s stock.
Culp Stock Performance
NYSE:CULP opened at $5.25 on Friday. The stock has a fifty day moving average price of $5.39 and a 200-day moving average price of $4.94. The company has a market cap of $64.63 million, a price-to-earnings ratio of -1.96 and a beta of 1.22. Culp has a fifty-two week low of $3.94 and a fifty-two week high of $8.30.
Insider Activity at Culp
In other Culp news, insider Thomas Bruno acquired 9,000 shares of Culp stock in a transaction that occurred on Tuesday, January 3rd. The shares were acquired at an average cost of $4.59 per share, with a total value of $41,310.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $45,900. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 14,840 shares of company stock valued at $72,207 over the last ninety days. 5.10% of the stock is owned by corporate insiders.
Institutional Trading of Culp
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.
- Get a free copy of the StockNews.com research report on Culp (CULP)
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