Culp (NYSE:CULP – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.
Culp Stock Down 0.3%
CULP opened at $3.42 on Monday. The firm has a market cap of $43.50 million, a P/E ratio of -3.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.76. The business has a 50 day moving average price of $3.45 and a 200 day moving average price of $3.22. Culp has a twelve month low of $2.70 and a twelve month high of $4.80.
Institutional Trading of Culp
Several large investors have recently modified their holdings of the company. Hsbc Holdings PLC acquired a new position in Culp in the 2nd quarter valued at $47,000. Bank of New York Mellon Corp acquired a new position in shares of Culp during the 2nd quarter worth about $158,000. HighTower Advisors LLC boosted its stake in Culp by 23.3% during the 4th quarter. HighTower Advisors LLC now owns 48,590 shares of the textile maker’s stock valued at $173,000 after purchasing an additional 9,197 shares during the period. Susquehanna International Group LLP boosted its stake in Culp by 16.5% during the 3rd quarter. Susquehanna International Group LLP now owns 40,652 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 5,762 shares during the period. Finally, Grace & White Inc. NY boosted its stake in Culp by 24.7% during the 1st quarter. Grace & White Inc. NY now owns 150,763 shares of the textile maker’s stock valued at $413,000 after purchasing an additional 29,845 shares during the period. 75.05% of the stock is owned by institutional investors.
Culp Company Profile
Culp, Inc, headquartered in High Point, North Carolina, is a leading producer of specialty fabrics for the home furnishings industry. Founded in 1972 by Bill Culp, the company has grown into a publicly traded enterprise that supplies upholstery and mattress fabrics to manufacturers and retailers across North America and abroad. Culp’s fabric offerings are designed to meet the aesthetic and performance requirements of residential furniture, contract seating, and hospitality applications.
The company operates through two primary segments.
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