Culp Trading Down 2.4 %
Shares of CULP stock opened at $5.31 on Friday. The company has a market cap of $65.15 million, a price-to-earnings ratio of -5.84 and a beta of 1.21. The stock has a 50 day simple moving average of $4.67 and a 200-day simple moving average of $4.91. Culp has a 12-month low of $3.94 and a 12-month high of $11.55.
Culp (NYSE:CULP – Get Rating) last issued its earnings results on Wednesday, August 31st. The textile maker reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.16). Culp had a negative return on equity of 9.13% and a negative net margin of 4.07%. The business had revenue of $62.60 million for the quarter, compared to analysts’ expectations of $55.21 million. On average, equities analysts forecast that Culp will post -0.94 earnings per share for the current fiscal year.
Hedge Funds Weigh In On 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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